Bitcoin Price Analysis: BTC/USD bulls retain control, as price continues resurgence

BTC/USD bulls retained control in the early hours of Saturday.
The Elliott Oscillator has had four straight red sessions.

Rajarshi Mitra Independent Analyst

BTC/USD daily chart

BTC/USD bulls retained control in the early hours of Saturday as the price went up from $9,154.57 to $9,166.70. The price is currently consolidating above the $9,150 psychological level and the SMA 20 curve. The Elliott oscillator has had four straight red sessions, showing that the current market sentiment is still bearish despite the bullish price action. The RSI is trending around the neutral zone.

Support and Resistance

BTC/USD faces strong resistance levels at $9,207.15 (SMA 20), $9,243, $9,392.60 (SMA 50) and $9,431.65. On the downside, healthy support levels lie at $9,135.50 and $9,018.50.

Key levels

BTC/USD

Overview
Today last price	9160.13
Today Daily Change	5.55
Today Daily Change %	0.06
Today daily open	9154.58

Trends
Daily SMA20	9205.82
Daily SMA50	9392.75
Daily SMA100	8889.83
Daily SMA200	8519.77

Levels
Previous Daily High	9182.67
Previous Daily Low	9071.36
Previous Weekly High	9345.73
Previous Weekly Low	9020.75
Previous Monthly High	10404.88
Previous Monthly Low	8823.34
Daily Fibonacci 38.2%	9140.15
Daily Fibonacci 61.8%	9113.88
Daily Pivot Point S1	9089.74
Daily Pivot Point S2	9024.9
Daily Pivot Point S3	8978.43
Daily Pivot Point R1	9201.05
Daily Pivot Point R2	9247.52
Daily Pivot Point R3	9312.36

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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Bitcoin Price Analysis: BTC/USD bulls retain control, as price continues resurgence