• Bitcoin is trading over 3% higher but cannot test 10K.
  • The BTC/USD medium-term trend is still up but a break of the 8100.00 level could change that.

BTC/USD daily chart

Bitcoin fell just short of hitting 10K on Thursday. It seems that the bulls just ran out of steam ahead of the psychological level. Looking at the long term trend on the chart the price will still need to break 10522.51 to make the pattern of lower highs become obsolete. 

Looking closer at the technicals, the Relative Strength Index (RSI) indicator has pulled away from its recent peak. Now there is some room for a move to the upside again on the indicator. The price is still holding above the moving averages. 

The key zone still remains to the high on the chart of 13868.34. Any break of the red resistance line could be a great indication that the price might reach there. The 62.8 Fibonacci extension level still looks hard to beat so over the next few sessions let's see if the bulls can gather enough momentum.

Bitcoin missed 10K

Additional levels

BTC/USD

Overview
Today last price 9651.04
Today Daily Change 332.83
Today Daily Change % 3.57
Today daily open 9318.21
 
Trends
Daily SMA20 8715.76
Daily SMA50 7601.18
Daily SMA100 7998.97
Daily SMA200 8034.11
 
Levels
Previous Daily High 9414.38
Previous Daily Low 8806.9
Previous Weekly High 10074.48
Previous Weekly Low 8535.49
Previous Monthly High 9476.83
Previous Monthly Low 6156.67
Daily Fibonacci 38.2% 9182.32
Daily Fibonacci 61.8% 9038.95
Daily Pivot Point S1 8945.28
Daily Pivot Point S2 8572.35
Daily Pivot Point S3 8337.8
Daily Pivot Point R1 9552.76
Daily Pivot Point R2 9787.3
Daily Pivot Point R3 10160.23

 

 


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