BTC/USD technical analysis: Firm above 100-day EMA, 50-day EMA/38.2% Fibo. question buyers


  • BTC/USD rises to strong resistance comprising 50-day EMA, 38.2% Fibonacci retracement amid bearish MACD.
  • 100-day EMA becomes the key support.

Having bounced off 100-day exponential moving average (EMA), the BTC/USD pair struggles to cross near-term important resistance-confluence while taking rounds to 10,385 on early Monday.

The quote faces a tough resistance around 10,480/520 that includes 50-day EMA and 38.2% Fibonacci retracement of April – June run-up.

While 12-bar moving average convergence and divergence (MACD) indicates a pullback, 10,000 round-figure can offer an intermediate halt ahead of dragging prices back to 100-day EMA level of 9,575.

Given the pair’s fall below 9,575, 11-week old horizontal support around 9,115/9,080 can grab sellers’ attention.

If at all buyers refrain from respecting bearish MACD, a month-long resistance-area between 11,080/120 can lure them.

BTC/USD daily chart

Trend: SIdeways

Additional important levels

Overview
Today last price 10395.8
Today Daily Change 79.05
Today Daily Change % 0.77%
Today daily open 10316.75
 
Trends
Daily SMA20 10887.75
Daily SMA50 10782.27
Daily SMA100 9759.75
Daily SMA200 7060.98
Levels
Previous Daily High 10511.67
Previous Daily Low 10068.06
Previous Weekly High 11583.86
Previous Weekly Low 9469.79
Previous Monthly High 13195.19
Previous Monthly Low 9080.79
Daily Fibonacci 38.2% 10342.21
Daily Fibonacci 61.8% 10237.52
Daily Pivot Point S1 10085.99
Daily Pivot Point S2 9855.22
Daily Pivot Point S3 9642.38
Daily Pivot Point R1 10529.59
Daily Pivot Point R2 10742.43
Daily Pivot Point R3 10973.2

 

 

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