- BTC/USD touched $9,028 but was able to bounce back to $9,134.
- Bears are slowly taking over while bulls are trying to defend the crucial $9,000 support level.
The daily uptrend of Bitcoin was lost after $9,160 was broken on June 25. Bears are seeing continuation and targeting $9,000 next. The 12-EMA and the 26-EMA have crossed bearishly for the first time since February 26.
BTC/USD 4-hour chart
The 4-hour chart, although in a downtrend, could easily shift in favor of the bulls. The last low is established at $8,988 and buyers have defended $9,028 setting a higher low which could turn into a 4-hour uptrend if they can climb above $9,337.
Before that, bulls need to crack the 12-EMA at $9,231 and the 26-EMA at $9,309. After that point, there isn’t really a lot of resistance towards $9,750.
BTC/USD technical levels
|Today last price||9158.25|
|Today Daily Change||-81.76|
|Today Daily Change %||-0.88|
|Today daily open||9240.01|
|Previous Daily High||9337.17|
|Previous Daily Low||8988.56|
|Previous Weekly High||9589.87|
|Previous Weekly Low||8899.05|
|Previous Monthly High||10074.48|
|Previous Monthly Low||8105.58|
|Daily Fibonacci 38.2%||9121.73|
|Daily Fibonacci 61.8%||9204|
|Daily Pivot Point S1||9039.99|
|Daily Pivot Point S2||8839.97|
|Daily Pivot Point S3||8691.39|
|Daily Pivot Point R1||9388.6|
|Daily Pivot Point R2||9537.19|
|Daily Pivot Point R3||9737.21|