- After a notable price surge on June 22, Bitcoin established itself at $9,650.
- The daily bull flag can easily break within two to three days.
After rumors from PayPal and Venmo adding cryptocurrency payments, Bitcoin and the rest of the market saw a big pump. BTC/USD peaked at $9,786 before a slight correction to $9,600 but still managed to close at $9,689 above the daily 12-EMA and the 26-EMA which have remained bullish.
BTC/USD daily chart
A clear trend change occurred on June 22 and Bitcoin is trading inside a daily uptrend. There is really not a lot of resistance to the upside, in fact, $10,000 is the only real resistance level that bulls need to worry about.
We know that $10,000 is crucial and Bitcoin has been rejected from the level several times in the past. If the bull flag is confirmed and BTC can climb above $9,786, it could easily break $10,000, this time for good. There are many fundamental metrics in favor of Bitcoin but another rejection at $10K would be devastating.
BTC/USD technical levels
BTC/USD
OVERVIEW | |
---|---|
Today last price | 9642.88 |
Today Daily Change | -47.05 |
Today Daily Change % | -0.49 |
Today daily open | 9689.93 |
TRENDS | |
---|---|
Daily SMA20 | 9545.5 |
Daily SMA50 | 9418.35 |
Daily SMA100 | 8179.1 |
Daily SMA200 | 8271.77 |
LEVELS | |
---|---|
Previous Daily High | 9786.22 |
Previous Daily Low | 9269.05 |
Previous Weekly High | 9589.87 |
Previous Weekly Low | 8899.05 |
Previous Monthly High | 10074.48 |
Previous Monthly Low | 8105.58 |
Daily Fibonacci 38.2% | 9588.66 |
Daily Fibonacci 61.8% | 9466.61 |
Daily Pivot Point S1 | 9377.24 |
Daily Pivot Point S2 | 9064.56 |
Daily Pivot Point S3 | 8860.08 |
Daily Pivot Point R1 | 9894.41 |
Daily Pivot Point R2 | 10098.9 |
Daily Pivot Point R3 | 10411.58 |