- Bitcoin moves above breakeven for the first time today.
- The technical bull flag pattern looks vulnerable to an upside break.
After the break higher yesterday Bitcoin has consolidated into a bull flag formation.
The technical pattern now looks susceptible to an upside break.
There is also a relative strength index (RSI) trendline break on the cards that could indicate more upside pressure.
Volume is much lighter than yesterday and if it does not pick up sometimes that is a sign of a false break.
|Today last price||8595.88|
|Today Daily Change||7.01|
|Today Daily Change %||0.08|
|Today daily open||8588.87|
|Previous Daily High||8690.66|
|Previous Daily Low||8119.82|
|Previous Weekly High||8532.46|
|Previous Weekly Low||7706.37|
|Previous Monthly High||10942.68|
|Previous Monthly Low||7706.37|
|Daily Fibonacci 38.2%||8472.6|
|Daily Fibonacci 61.8%||8337.88|
|Daily Pivot Point S1||8242.24|
|Daily Pivot Point S2||7895.61|
|Daily Pivot Point S3||7671.4|
|Daily Pivot Point R1||8813.08|
|Daily Pivot Point R2||9037.29|
|Daily Pivot Point R3||9383.92|
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