Bitcoin Technical Analysis: Experts forecast above $16,000 by end of the year

  • Bitcoin price nursing minor losses late on Monday, seen down just some 0.30%.
  • Experts panel median forecast for Bitcoin is above $16,000 by the end of this year.
  • BTC/USD over the past seven sessions, has closed up in the green on daily five of those.

 

BTC/USD daily chart 


 
 

Spot rate:                  6397.8

Relative change:      -0.38%

High:                         6464.0

Low:                          6316.9

 

Trend:                       Bullish

 

 

Support 1:                6338.2,  daily pivot point S1.

Support 2:                6254.0, daily pivot point S2..

Support 3:                6191.0, daily pivot point S3.

Resistance 1:           6476.3, 50DMA.

Resistance 2:           6585.0, 100DMA.

Resistance 3:           6632.4, daily pivot point resistance. 

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