• Bitcoin holds above 7K and trades over 3.5% higher on Wednesday.
  • The high is at 7466.00 and the bulls need to gather more momentum to test the recent highs.

BTC/USD 4-hour chart

Bitcoin has moved higher on Wednesday but it doesn't seem to have a massive amount of momentum. The price has also just recently taken out the 55 exponential moving average and is already trading above the 200 simple moving average. 

The price action is looking positive as you can see from the chart below but the high of 7466.00 will need to be taken out for the bulls to remain in charge. If that doesn't happen then the price could look for support levels lower down. Next up is the black line at 6818.58, that level looks strong as it has been tested a few times in the past on this chart alone. Beyond that, the 200 SMA and orange horizontal line lie in wait. 

Bitcoin testing highs

Additional levels

BTC/USD

Overview
Today last price 7106.18
Today Daily Change 252.08
Today Daily Change % 3.68
Today daily open 6854.1
 
Trends
Daily SMA20 6983.49
Daily SMA50 6839.38
Daily SMA100 8060.28
Daily SMA200 7987.66
 
Levels
Previous Daily High 6952.61
Previous Daily Low 6775.53
Previous Weekly High 7216.69
Previous Weekly Low 6466.49
Previous Monthly High 9215.51
Previous Monthly Low 3886.49
Daily Fibonacci 38.2% 6884.96
Daily Fibonacci 61.8% 6843.17
Daily Pivot Point S1 6768.89
Daily Pivot Point S2 6683.67
Daily Pivot Point S3 6591.81
Daily Pivot Point R1 6945.96
Daily Pivot Point R2 7037.82
Daily Pivot Point R3 7123.04

 

 


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