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BTC/USD Technical Analysis: Bitcoin breaks above 200 SMA and finds resistance at 5,200.00 level

BTC/USD Technical Analysis: Bitcoin breaks above 200 SMA and finds resistance at 5,200.00 level
Flavio TostiFlavio TostiIndependent Analyst

BTC/USD daily chart

  • BTC/USD broke above its 200-day simple moving average (SMA) suggesting a potential bull market in the cryptocurrency.

BTC/USD 4-hour chart
  • BTC/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.
  • Bulls will need to break above the key 61.8% Fibonacci retracement at 5,200.00 to extend the trend towards 5,800.00 and 6,600.00 resistances.
  • Support is seen at 4,800.00 and 4,400.00 level.

Additional key levels

BTC/USD

Overview
Today last price5148.52
Today Daily Change246.86
Today Daily Change %5.04
Today daily open4901.66
 
Trends
Daily SMA204040.32
Daily SMA503889.28
Daily SMA1003769.76
Daily SMA2004687.21
Levels
Previous Daily High5089.9
Previous Daily Low4132.18
Previous Weekly High4100.77
Previous Weekly Low3858.32
Previous Monthly High4130.71
Previous Monthly Low3672.34
Daily Fibonacci 38.2%4724.05
Daily Fibonacci 61.8%4498.03
Daily Pivot Point S14325.92
Daily Pivot Point S23750.19
Daily Pivot Point S33368.2
Daily Pivot Point R15283.65
Daily Pivot Point R25665.64
Daily Pivot Point R36241.37

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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