- Bitcoin has pushed higher to trade flat after being 2% lower earlier in the session.
- Now the BTC/USD pair is looking to complete the technical inverse head and shoulders pattern.
BTC/USD 1-Hour Chart
Bitcoin is looking to push higher on the hourly chart below.
The chart highlights the inverse head and shoulders formation.
Now the 7,676 resistance level is in focus as if the price breaks the level it will create a new wave high.
Beyond that, the 8K level could be the next target for the bulls.
|Today last price||7596.14|
|Today Daily Change||71.14|
|Today Daily Change %||0.95|
|Today daily open||7525|
|Previous Daily High||7676.01|
|Previous Daily Low||6850.48|
|Previous Weekly High||8633.09|
|Previous Weekly Low||6787.81|
|Previous Monthly High||10484.7|
|Previous Monthly Low||7300.54|
|Daily Fibonacci 38.2%||7360.66|
|Daily Fibonacci 61.8%||7165.83|
|Daily Pivot Point S1||7024.98|
|Daily Pivot Point S2||6524.96|
|Daily Pivot Point S3||6199.45|
|Daily Pivot Point R1||7850.52|
|Daily Pivot Point R2||8176.04|
|Daily Pivot Point R3||8676.06|
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