• Bitcoin picked up on Wednesday and today dropped back 2%.
  • There is a bull flag chart pattern on the 30-minute timeframe.

BTC/USD 30-Min Chart

Bitcoin pulled back from some of the losses seen on recently and picked up on Wednesday.

Now on Thursday, the price has consolidated into a bull flag formation you can see on the chart below.

If the pattern breaks it could indicate some more bullishness on the horizon.

The bulls will be aiming for the 7,445.00 high. 

Beyond that, there is another resistance at 7,296.44.

Bitcoin Technical Analysis

Additional Levels

BTC/USD

Overview
Today last price  7146.9
Today Daily Change -139.90
Today Daily Change % -1.92
Today daily open  7286.8
 
Trends
Daily SMA20 7281.81
Daily SMA50 7997.77
Daily SMA100 8446.68
Daily SMA200 9327.21
 
Levels
Previous Daily High 7452.54
Previous Daily Low 6432.05
Previous Weekly High 7654.18
Previous Weekly Low 7076.68
Previous Monthly High 9580.19
Previous Monthly Low 6526.82
Daily Fibonacci 38.2% 7062.71
Daily Fibonacci 61.8% 6821.88
Daily Pivot Point S1 6661.72
Daily Pivot Point S2 6036.63
Daily Pivot Point S3 5641.22
Daily Pivot Point R1 7682.21
Daily Pivot Point R2 8077.63
Daily Pivot Point R3 8702.71

 

 

 


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