• Bitcoin has fallen into a tight range over the past few sessions.
  • The Bollinger Bands have contracted to tight levels.

BTC/USD 30-Minute Chart

Over the last two days, the price of BTC/USD has consolidated into a very tight range between 7,161.94 and 7,469.60

The Bollinger Band overlay is showing that there is a serious contraction by the good news is that normally means there is a breakout on the way.

I have marked the last times that the market contracted in such a manner and there normally is some kind of reaction.

It must be said we do not have crystal balls and cannot predict the future but statistically, there is a case to be made.

Away from the Bollinger Band indicator, the break direction of the consolidation pattern will be important.

Bitcoin Analysis

Additional Levels


Today last price 7296.17
Today Daily Change -9.94
Today Daily Change % -0.14
Today daily open 7306.11
Daily SMA20 7798.19
Daily SMA50 8298.91
Daily SMA100 8910.37
Daily SMA200 9391.47
Previous Daily High 7427.74
Previous Daily Low 7161.94
Previous Weekly High 7868.08
Previous Weekly Low 6526.82
Previous Monthly High 9580.19
Previous Monthly Low 6526.82
Daily Fibonacci 38.2% 7263.48
Daily Fibonacci 61.8% 7326.21
Daily Pivot Point S1 7169.45
Daily Pivot Point S2 7032.8
Daily Pivot Point S3 6903.66
Daily Pivot Point R1 7435.25
Daily Pivot Point R2 7564.4
Daily Pivot Point R3 7701.05



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