Bitcoin Price Analysis: BTC/USD pushing for big bull flag breakout

Bitcoin price is trading in positive territory, up 2.95% in the second half of the session.
BTC/USD price action has been stuck within consolidation mode for going on eight sessions.
The key for greater upside will be for a break down of the $9500 price barrier.

Ken Chigbo Independent Analyst

BTC/USD daily chart

The price is having some difficulty with breaking down the high area in November 2019, as noted above, 9200 - 9500 price range.

BTC/USD 60-minute chart

Price action has been narrowing within a range block formation via the 60-minute chart view.

Spot rate: 9428.50

Relative change: +2.90%

High: 9271.40

Low: 9150.00

BTC/USD

Overview
Today last price	9414.57
Today Daily Change	252.31
Today Daily Change %	2.75
Today daily open	9162.26

Trends
Daily SMA20	8925.47
Daily SMA50	8094.85
Daily SMA100	8086.55
Daily SMA200	8887.38

Levels
Previous Daily High	9305.61
Previous Daily Low	9078.29
Previous Weekly High	9568.13
Previous Weekly Low	8279.73
Previous Monthly High	9568.13
Previous Monthly Low	6856.63
Daily Fibonacci 38.2%	9165.13
Daily Fibonacci 61.8%	9218.77
Daily Pivot Point S1	9058.5
Daily Pivot Point S2	8954.74
Daily Pivot Point S3	8831.19
Daily Pivot Point R1	9285.81
Daily Pivot Point R2	9409.37
Daily Pivot Point R3	9513.13

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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