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

Flavio Tosti Independent 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 price	7939.64
Today Daily Change	-265.30
Today Daily Change %	-3.23
Today daily open	8204.94

Trends
Daily SMA20	6091.61
Daily SMA50	5412.83
Daily SMA100	4602.12
Daily SMA200	4503.31

Levels
Previous Daily High	8299.36
Previous Daily Low	7839.6
Previous Weekly High	6428.2
Previous Weekly Low	5564.95
Previous Monthly High	5632.53
Previous Monthly Low	4052.2
Daily Fibonacci 38.2%	8123.73
Daily Fibonacci 61.8%	8015.23
Daily Pivot Point S1	7929.91
Daily Pivot Point S2	7654.88
Daily Pivot Point S3	7470.15
Daily Pivot Point R1	8389.67
Daily Pivot Point R2	8574.39
Daily Pivot Point R3	8849.42

Author

Flavio Tosti

Independent Analyst

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BTC/USD

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