Connect with us

Hi, what are you looking for?


Bitcoin Cash

BTC/USD technical analysis: There is another technical formation on the hourly chart

  • BTC/USD is down another 2.83% today after the major fall two sessions ago.
  • Now there is a falling wedge pattern on the hourly chart that could indicate which way price may turn.

The market found support at 8k today as the bearishness continued. 

After the fall two sessions ago the price has now consolidated into a falling wedge formation. 

Mean value is around 8,400 so if we see another rejection keep an eye on price action there.

Bulls are hoping for a break of the pattern high at 8,800 to signal a move higher. 

Bitcoin Analysis


Today last price8196.34
Today Daily Change-239.37
Today Daily Change %-2.84
Today daily open8435.71
Daily SMA2010046.6
Daily SMA5010329.76
Daily SMA10010541.52
Daily SMA2008286.57
Previous Daily High8744.39
Previous Daily Low8209.57
Previous Weekly High10381.06
Previous Weekly Low9606.36
Previous Monthly High12325.08
Previous Monthly Low9321.06
Daily Fibonacci 38.2%8413.87
Daily Fibonacci 61.8%8540.09
Daily Pivot Point S18182.06
Daily Pivot Point S27928.4
Daily Pivot Point S37647.24
Daily Pivot Point R18716.88
Daily Pivot Point R28998.04
Daily Pivot Point R39251.7

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.



Copyright © 2020 Elevenews