• Bitcoin is trading 0.43% lower as the bulls take a break and buying pressure eases.
  • Now the price has consolidated and it will be interesting if the price will form a base around 10K.

BTC/USD 1-Hour Chart

Looking at the chart below you can see the main resistance holds at 10,522.51.

Beyond that 10K has been doing a good job as a support level.

On the top of the current wave, 10,300.00 is the level to watch out for.

If we break that then the chances of testing the recent highs are much better.

The overall concern is that this new formation is a lower high wave. So if 10K breaks that will confirm this and we could be in for a deeper pullback.

Bitcoin Chart

Additional Levels

BTC/USD

Overview
Today last price 10131.61
Today Daily Change -55.44
Today Daily Change % -0.54
Today daily open 10187.05
 
Trends
Daily SMA20 9800.71
Daily SMA50 8875.66
Daily SMA100 8202.14
Daily SMA200 8887.59
 
Levels
Previous Daily High 10285.3
Previous Daily Low 9610.33
Previous Weekly High 10511.86
Previous Weekly Low 9707.96
Previous Monthly High 9568.13
Previous Monthly Low 6856.63
Daily Fibonacci 38.2% 10027.46
Daily Fibonacci 61.8% 9868.17
Daily Pivot Point S1 9769.82
Daily Pivot Point S2 9352.6
Daily Pivot Point S3 9094.86
Daily Pivot Point R1 10444.79
Daily Pivot Point R2 10702.52
Daily Pivot Point R3 11119.75

 

 


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