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Bitcoin

Bitcoin Price Forecast: BTC/USD bulls manage a weak riposte after a sluggish Friday

  • BTC/USD bulls gave an underwhelming response after Thursday’s intensely bearish price action.
  • The Elliott Oscillator has had three straight green sessions.

BTC/USD daily chart

BTC/USD daily chart

BTC/USD bulls came out on top after a sluggish Friday, wherein the price crawled up from $9,092.43 to $9,094. This followed a heavily bearish Thursday, wherein the price fell from the $9,250 mark. The Elliott Oscillator has had three straight green sessions, while the RSI is moving horizontally in the neutral zone.

Support and Resistance

BTC/USD faces strong resistance at $9,237, $9,293, $9,312.35 (SMA 20) and $9,424 (SMA 50). On the downside, healthy support lies at $9,000.45 and $8,904.20

Key levels

BTC/USD

OVERVIEW
Today last price9094.16
Today Daily Change1.92
Today Daily Change %0.02
Today daily open9092.24
TRENDS
Daily SMA209315.05
Daily SMA509422.55
Daily SMA1008511.87
Daily SMA2008367.42
LEVELS
Previous Daily High9265.36
Previous Daily Low8940.63
Previous Weekly High9786.22
Previous Weekly Low8988.56
Previous Monthly High10404.88
Previous Monthly Low8823.34
Daily Fibonacci 38.2%9064.68
Daily Fibonacci 61.8%9141.31
Daily Pivot Point S18933.46
Daily Pivot Point S28774.69
Daily Pivot Point S38608.74
Daily Pivot Point R19258.19
Daily Pivot Point R29424.14
Daily Pivot Point R39582.92

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