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Bitcoin Price Analysis: BTC/USD bulls desperately try to comeback following three bearish days

  • BTC/USD is currently trending below the SMA 50.
  • The Elliott Oscillator has had three straight red sessions.
  • Bears now aim to take the price below the $9,300–level.

BTC/USD daily chart

BTC/USD daily chart

BTC/USD bulls took back control following three straight bearish days. The price has gone up from $9,303.64 to $9,325.25 in the early hours of Saturday. The downward trending line has repeatedly rejected the price. The Relative Strength Index (RSI) continues to trend around the neutral zone despite bearish dominance. The Elliott Oscillator has had two straight red sessions, following two consecutive green sessions.

Support and Resistance

BTC/USD faces four stiff resistance levels at SMA 50, $9,528.65, SMA 20 and $9,700. There are two healthy support levels on the downside –  $9,273.30 and $9,063.45

Key levels

BTC/USD

OVERVIEW
Today last price9302.35
Today Daily Change0.00
Today Daily Change %0.00
Today daily open9302.35
TRENDS
Daily SMA209587.8
Daily SMA509386.17
Daily SMA1008052.09
Daily SMA2008239.56
LEVELS
Previous Daily High9428.12
Previous Daily Low9230.66
Previous Weekly High9589.87
Previous Weekly Low8899.05
Previous Monthly High10074.48
Previous Monthly Low8105.58
Daily Fibonacci 38.2%9306.09
Daily Fibonacci 61.8%9352.69
Daily Pivot Point S19212.63
Daily Pivot Point S29122.92
Daily Pivot Point S39015.17
Daily Pivot Point R19410.09
Daily Pivot Point R29517.84
Daily Pivot Point R39607.55
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