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Bitcoin Price Analysis: BTC/USD bulls take charge after charting the golden cross pattern

  • BTC/USD dropped below the SMA 20 following Friday’s price action.
  • The MACD shows increasing bearish momentum.
Bitcoin Price Analysis: BTC/USD bulls take charge after charting the golden cross pattern
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily chart

BTC/USD daily chart

BTC/USD bulls took charge as the price moved up from $9,060.80 to $9,178.70 this Friday. This price action happened after the SMA 50 crossed above the SMA 200 to chart the highly bullish golden cross pattern. The MACD shows increasing bearish momentum.

The bulls need to overcome resistance at the SMA 20, $9,332.15 and $9,621.35. On the downside, healthy support lies at $8,935 and $8,629.55,

Key levels

BTC/USD

Overview
Today last price9203.77
Today Daily Change144.31
Today Daily Change %1.59
Today daily open9059.46
 
Trends
Daily SMA209300.02
Daily SMA508097.18
Daily SMA1007976.05
Daily SMA2008055.96
 
Levels
Previous Daily High9567.69
Previous Daily Low8800.12
Previous Weekly High9944.79
Previous Weekly Low8105.58
Previous Monthly High9476.83
Previous Monthly Low6156.67
Daily Fibonacci 38.2%9093.33
Daily Fibonacci 61.8%9274.48
Daily Pivot Point S18717.15
Daily Pivot Point S28374.85
Daily Pivot Point S37949.58
Daily Pivot Point R19484.73
Daily Pivot Point R29909.99
Daily Pivot Point R310252.3


 

Author

Rajarshi Mitra

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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