• Bitcoin is trading just under flat on Tuesday as the market stutters.
  • The RSI is in an overbought zone but the price is still above the moving averages.

BTC/USD 4-hour chart

Bitcoin is stuttering at the 9K level as there seems to be a lull in the crypto market on Tuesday. The volume seems thin and the candles are doji like indecisive in nature. The price has also dipped under the 76.4% retracement zone which is very close to the 9K psychological level.

In a more positive light, the price is still above the 200 and 55 moving averages. This is considered bullish but they do seem to be closing in on each other and might cross in a bearish fashion. The relative strength index indicator is also in an extremely overbought position this could mean there might be a short term pullback but the trend is still an uptrend.

The bias for BTC is still looking positive but there could well be a pullback as there does not seem to be much conviction at these higher levels.

Bitcoin struggles at 9K

Additional levels

BTC/USD

Overview
Today last price 8881.85
Today Daily Change -2.23
Today Daily Change % -0.03
Today daily open 8884.08
 
Trends
Daily SMA20 7740.99
Daily SMA50 7010.65
Daily SMA100 7998.99
Daily SMA200 7979.7
 
Levels
Previous Daily High 8971.17
Previous Daily Low 8535.49
Previous Weekly High 9476.83
Previous Weekly Low 7491.5
Previous Monthly High 9476.83
Previous Monthly Low 6156.67
Daily Fibonacci 38.2% 8701.92
Daily Fibonacci 61.8% 8804.74
Daily Pivot Point S1 8622.66
Daily Pivot Point S2 8361.24
Daily Pivot Point S3 8186.98
Daily Pivot Point R1 9058.34
Daily Pivot Point R2 9232.6
Daily Pivot Point R3 9494.02

 

 


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