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BTC/USD technical analysis: Bitcoin buyers taking a breather below the 8,400.00 mark

BTC/USD technical analysis: Bitcoin buyers taking a breather below the 8,400.00 mark
Flavio TostiFlavio TostiIndependent Analyst

BTC/USD daily chart

Bitcoin (BTC/USD) is on the rise above its main simple moving averages (SMAs). The main resistances to the upside are seen at 8,750.00; 9,375.00 and the 10,000.00 level. On the way down support is seen at 7,500.00; 6,875.00; 6,250.00 and the 5,000.00 level.

BTC/USD 4-hour chart 

BTC/USD is consolidating below the 8,400.00 mark. The market might take a breather before another potential leg up. BTC/USD can retrace towards 7500.00 and 6,875.00 level in the medium term. 

Additional key levels

BTC/USD

Overview
Today last price7939.64
Today Daily Change-265.30
Today Daily Change %-3.23
Today daily open8204.94
 
Trends
Daily SMA206091.61
Daily SMA505412.83
Daily SMA1004602.12
Daily SMA2004503.31
Levels
Previous Daily High8299.36
Previous Daily Low7839.6
Previous Weekly High6428.2
Previous Weekly Low5564.95
Previous Monthly High5632.53
Previous Monthly Low4052.2
Daily Fibonacci 38.2%8123.73
Daily Fibonacci 61.8%8015.23
Daily Pivot Point S17929.91
Daily Pivot Point S27654.88
Daily Pivot Point S37470.15
Daily Pivot Point R18389.67
Daily Pivot Point R28574.39
Daily Pivot Point R38849.42

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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