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

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


Today last price 7939.64
Today Daily Change -265.30
Today Daily Change % -3.23
Today daily open 8204.94
Daily SMA20 6091.61
Daily SMA50 5412.83
Daily SMA100 4602.12
Daily SMA200 4503.31
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




Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.