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BTC/USD technical analysis: The 8,400.00 mark is a tough nut to crack

BTC/USD technical analysis: The 8,400.00 mark is a tough nut to crack
Flavio TostiFlavio TostiIndependent Analyst

BTC/USD daily chart

Bitcoin (BTC/USD) is currently trading below the 8,400.00 resistance. Buyers want to see a break above that level to reach 8,800.00 and 9,375.00 resistances to the upside. 

BTC/USD 4-hour chart 

BTC/USD is trading above its main simple moving averages while the price is testing the 8,000.00 figure. The 8,400.00 remains the level to beat for bulls. In the absence of a bull breakout bears can potentially bring back the market to 7,500.00 and 6,500.00 support.

Additional key levels

BTC/USD

Overview
Today last price8009.48
Today Daily Change128.80
Today Daily Change %1.63
Today daily open7880.68
 
Trends
Daily SMA207086.05
Daily SMA505969.34
Daily SMA1004943.17
Daily SMA2004559.31
Levels
Previous Daily High7980.19
Previous Daily Low7470.17
Previous Weekly High8384.67
Previous Weekly Low6512.15
Previous Monthly High5632.53
Previous Monthly Low4052.2
Daily Fibonacci 38.2%7785.36
Daily Fibonacci 61.8%7664.99
Daily Pivot Point S17573.84
Daily Pivot Point S27266.99
Daily Pivot Point S37063.82
Daily Pivot Point R18083.86
Daily Pivot Point R28287.03
Daily Pivot Point R38593.88

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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