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24 February 2024
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Bitcoin Technical Analysis: BTC/USD freefall continues as bears retain control for the third straight day

  • BTC/USD bears aim to take price below the $9,100 psychological level.
  • The Elliott Oscillator has had three straight red sessions, indicating that overall market sentiment is bearish.

BTC/USD daily chart

BTC/USD daily chart

BTC/USD bears stayed in control of the market for the third straight day. BTC/USD has so far gone down from $9,131.30 to $9,118.40 this Friday. The bears will target the $9,100 psychological level, next. The Elliott Oscillator has had three straight bearish sessions, while the RSI is hovering around the neutral zone.

Support and Resistance

BTC/USD has strong resistance levels at $9,200 (SMA 20), $9,246.25, $9,389.35 (SMA 50) and $9,430. On the downside, healthy support exists at $9,070.56 and $9,021.75.

Key levels


Today last price 9116.25
Today Daily Change -15.00
Today Daily Change % -0.16
Today daily open 9131.25
Daily SMA20 9198.32
Daily SMA50 9401.23
Daily SMA100 8871.97
Daily SMA200 8510.08
Previous Daily High 9214.27
Previous Daily Low 9020.75
Previous Weekly High 9475.54
Previous Weekly Low 8907.51
Previous Monthly High 10404.88
Previous Monthly Low 8823.34
Daily Fibonacci 38.2% 9094.67
Daily Fibonacci 61.8% 9140.35
Daily Pivot Point S1 9029.9
Daily Pivot Point S2 8928.56
Daily Pivot Point S3 8836.38
Daily Pivot Point R1 9223.43
Daily Pivot Point R2 9315.62
Daily Pivot Point R3 9416.96
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