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Bitcoin Price Forecast: BTC/USD bears take control as markets opened this Saturday

  • BTC/USD bears take control after a bullish Friday.
  • Elliott Oscillator has had a red session following six straight green sessions.
  • The RSI is hovering around the neutral zone.

BTC/USD daily chart

BTC/USD daily chart

BTC/USD bears took control in the early hours of Saturday as the price fell from $9,289.40 to $9,275.25. The RSI is still hovering around the neutral zone, so further price drop could be expected. The Elliott Oscillator has had a red session, following six consecutive green sessions, wherein it went up from -283 to -38.58.

Support and Resistance

BTC/USD has strong resistance levels at $9,350, $9,378.75 (SMA 50) and $9,443.25. On the downside, the price has healthy support levels at $9,246.15 (SMA 20), $9,235.45 and $9,135.

Key levels


Today last price9276.24
Today Daily Change-11.54
Today Daily Change %-0.12
Today daily open9287.78
Daily SMA209244.63
Daily SMA509374.57
Daily SMA1008735.87
Daily SMA2008451.18
Previous Daily High9318.83
Previous Daily Low9117.95
Previous Weekly High9475.54
Previous Weekly Low8907.51
Previous Monthly High10404.88
Previous Monthly Low8823.34
Daily Fibonacci 38.2%9242.09
Daily Fibonacci 61.8%9194.69
Daily Pivot Point S19164.22
Daily Pivot Point S29040.65
Daily Pivot Point S38963.34
Daily Pivot Point R19365.09
Daily Pivot Point R29442.39
Daily Pivot Point R39565.96
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