22.1 C
Amsterdam
18 August 2022
PumpMoonshot
Image default
News

Bitcoin Price Forecast: The freefall continues as BTC/USD bears refuse to relent for the fifth straight day


  • BTC/USD bears remained in control for the fifth straight day.
  • The Elliott Oscillator has had four straight red sessions wherein it fell from -14 to -190.
  • BTC/USD is presently trending in the lower half of the 20-day Bollinger Band.

BTC/USD daily chart

BTC/USD daily chart

BTC/USD has fallen from $9,155.50 to $9,126 in the early hours of Saturday as the bears remained in control for the fifth straight day. In this five-day-period, BTC/USD has dropped from $9,693.75, charting a 5.86% fall in valuation. The Elliott Oscillator has had four straight red sessions, wherein it fell from -14 to -190. The price is currently trending in the lower half of the 20-day Bollinger Band.

Support and Resistance

BTC/USD faces strong resistance levels at $9,285, $9,425.35 (SMA 50) and $9,481.50 (SMA 20). On the downside, the bears need to conquer support at $9,070. If they do manage to do so, the price will fall below the downward trending line. Following that, another healthy support lies at $8,896.85.

Key levels

BTC/USD

OVERVIEW
Today last price 9138.74
Today Daily Change -16.41
Today Daily Change % -0.18
Today daily open 9155.15
TRENDS
Daily SMA20 9473.41
Daily SMA50 9422.93
Daily SMA100 8340.89
Daily SMA200 8308.76
LEVELS
Previous Daily High 9289.32
Previous Daily Low 9028.54
Previous Weekly High 9786.22
Previous Weekly Low 8988.56
Previous Monthly High 10074.48
Previous Monthly Low 8105.58
Daily Fibonacci 38.2% 9128.15
Daily Fibonacci 61.8% 9189.7
Daily Pivot Point S1 9026.02
Daily Pivot Point S2 8896.89
Daily Pivot Point S3 8765.24
Daily Pivot Point R1 9286.8
Daily Pivot Point R2 9418.45
Daily Pivot Point R3 9547.58
News Source

Related posts

Bitcoin Price Prediction: The range is too tight, Bitcoin gets ready for a breakthrough – Bitcoin confluence

PumpMoonshot

Stellar Lumens Sustainable by not Mining XLM Transactions are Easier with Revolut and Legal Right

PumpMoonshot

Shiba Inu price analysis: SHIB rises towards $0.00002750 after a strong bullish period

PumpMoonshot