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Bitcoin Price Forecast: BTC/USD bears cancel out Monday’s gains as market comes to a close

  • BTC/USD bears entered the market after two straight bullish days.
  • The Elliott Oscillator has plummetted from -14 to -362.27 over the last seven days.

BTC/USD daily chart

btc/usd daily chart

BTC/USD  has dropped from $9,187.71 to $9,129.30 this Tuesday, following two consecutive bullish days. The price is currently moving in the lower half of the 20-day Bollinger Band. The RSI has been trending in the neutral zone for a long time. Finally, the Elliott Oscillator has plummetted from -14 to -362.27 over the last seven days.

Support and Resistance

BTC/USD has strong resistance at $9,295.65, $9,334.70 (SMA 20), $9,424.50 (SMA 50) and $9,475.25. On the downside, the bears will want to aim for the support levels at $9,125 and $9,006.80 (lower curve of the 20-day Bollinger Band) to continue the downward movement.

Key levels


Today last price9130.23
Today Daily Change-55.46
Today Daily Change %-0.60
Today daily open9185.69
Daily SMA209373.03
Daily SMA509407.54
Daily SMA1008428.06
Daily SMA2008337.24
Previous Daily High9234.4
Previous Daily Low9017.07
Previous Weekly High9786.22
Previous Weekly Low8988.56
Previous Monthly High10074.48
Previous Monthly Low8105.58
Daily Fibonacci 38.2%9151.38
Daily Fibonacci 61.8%9100.09
Daily Pivot Point S19057.04
Daily Pivot Point S28928.4
Daily Pivot Point S38839.72
Daily Pivot Point R19274.37
Daily Pivot Point R29363.05
Daily Pivot Point R39491.7

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