Rajarshi Mitra
Independent Analyst
- The SMA 20 has crossed over the SMA 200 to chart a bullish cross.
- The RSI indicator is trending inside the overbought zone at 74.50.
BTC/USD daily chart
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BTC/USD went up slightly from $9,158.31 to $9,172.30 in the early hours of Thursday as it trends in an upwards channel formation. The bulls will want to gain enough momentum to cross above the red Ichimoku cloud and enter the $9,500 zone. On the downside, healthy support lies at $9,187 and $8,826.75. The SMA 20 has crossed over the SMA 200 to chart a bullish cross pattern. The MACD indicates increasing bullish momentum, while the RSI indicator is trending inside the overbought zone at 74.50 which means that a short-term bearish correction may be around the corner.
Key levels
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