Bitcoin Price Analysis: BTC fades bounce off short-term support line below 35,000
- BTC/USD struggles to keep bounce off two-week-old support line.
- Bearish MACD probes Bitcoin buyers below 50-bar SMA.
- 200-bar SMA, upbeat RSI conditions restrict major downside.
BTC/USD struggles to keep bounce off two-week-old support line.BTC/USD struggles to keep bounce off two-week-old support line.Bearish MACD probes Bitcoin buyers below 50-bar SMA.Bearish MACD probes Bitcoin buyers below 50-bar SMA.200-bar SMA, upbeat RSI conditions restrict major downside.200-bar SMA, upbeat RSI conditions restrict major downside.BTC/USD fades the latest recoveries while easing to 34,800 during early Tuesday. In doing so, the crypto major battles with bearish MACD below 50-bar SMA.
Although pullback to an ascending trend line from December 29, at 30,320 now, seems imminent, any further weakness will be challenged by strong RSI conditions and a 200-bar SMA level of 27,006.
It should, however, be noted that a sustained downside past-27,000 will make BTC/USD vulnerable to revisit the December 20 top surrounding 24,300.
Meanwhile, an upside clearance of 50-bar SMA, at 36,326 now, will attack the 40,000 psychological magnet while also likely to take a break near Friday’s low of 38,733.
During the quote’s upside past-40,000 the recent record high near 42,000 and the 50,000 threshold will be in focus.
To sum up, BTC/USD is in an uptrend but short-term pullbacks can’t be ruled out.
BTC/USD four-hour chart
Trend: Bullish
Additional important levels
| Overview |
| Today last price |
34977.78 |
| Today Daily Change |
-475.03 |
| Today Daily Change % |
-1.34% |
| Today daily open |
35452.81 |
| Trends |
| Daily SMA20 |
31418.13 |
| Daily SMA50 |
24390.93 |
| Daily SMA100 |
19105.26 |
| Daily SMA200 |
14829.43 |
| Overview |
| Today last price |
34977.78 |
| Today Daily Change |
-475.03 |
| Today Daily Change % |
-1.34% |
| Today daily open |
35452.81 |
| Overview |
| Overview |
Overview |
| Today last price |
34977.78 |
| Today Daily Change |
-475.03 |
| Today Daily Change % |
-1.34% |
| Today daily open |
35452.81 |
| Today last price |
34977.78 |
Today last price | 34977.78 | 34977.78
| Today Daily Change |
-475.03 |
Today Daily Change | -475.03 | -475.03
| Today Daily Change % |
-1.34% |
Today Daily Change % | -1.34% | -1.34%
| Today daily open |
35452.81 |
Today daily open | 35452.81 | 35452.81
| Trends |
| Daily SMA20 |
31418.13 |
| Daily SMA50 |
24390.93 |
| Daily SMA100 |
19105.26 |
| Daily SMA200 |
14829.43 |
| Trends |
| Trends |
Trends |
| Daily SMA20 |
31418.13 |
| Daily SMA50 |
24390.93 |
| Daily SMA100 |
19105.26 |
| Daily SMA200 |
14829.43 |
| Daily SMA20 |
31418.13 |
Daily SMA20 | 31418.13 | 31418.13
| Daily SMA50 |
24390.93 |
Daily SMA50 | 24390.93 | 24390.93
| Daily SMA100 |
19105.26 |
Daily SMA100 | 19105.26 | 19105.26
| Daily SMA200 |
14829.43 |
Daily SMA200 | 14829.43 | 14829.43
| Levels |
| Previous Daily High |
38269.43 |
| Previous Daily Low |
30209.97 |
| Previous Weekly High |
41987.21 |
| Previous Weekly Low |
27772 |
| Previous Monthly High |
29307.4 |
| Previous Monthly Low |
17578.63 |
| Daily Fibonacci 38.2% |
33288.68 |
| Daily Fibonacci 61.8% |
35190.71 |
| Daily Pivot Point S1 |
31018.71 |
| Daily Pivot Point S2 |
26584.61 |
| Daily Pivot Point S3 |
22959.25 |
| Daily Pivot Point R1 |
39078.17 |
| Daily Pivot Point R2 |
42703.52 |
| Daily Pivot Point R3 |
47137.62 |
| Levels |
| Previous Daily High |
38269.43 |
| Previous Daily Low |
30209.97 |
| Previous Weekly High |
41987.21 |
| Previous Weekly Low |
27772 |
| Previous Monthly High |
29307.4 |
| Previous Monthly Low |
17578.63 |
| Daily Fibonacci 38.2% |
33288.68 |
| Daily Fibonacci 61.8% |
35190.71 |
| Daily Pivot Point S1 |
31018.71 |
| Daily Pivot Point S2 |
26584.61 |
| Daily Pivot Point S3 |
22959.25 |
| Daily Pivot Point R1 |
39078.17 |
| Daily Pivot Point R2 |
42703.52 |
| Daily Pivot Point R3 |
47137.62 |
| Levels |
| Levels |
Levels |
| Previous Daily High |
38269.43 |
| Previous Daily Low |
30209.97 |
| Previous Weekly High |
41987.21 |
| Previous Weekly Low |
27772 |
| Previous Monthly High |
29307.4 |
| Previous Monthly Low |
17578.63 |
| Daily Fibonacci 38.2% |
33288.68 |
| Daily Fibonacci 61.8% |
35190.71 |
| Daily Pivot Point S1 |
31018.71 |
| Daily Pivot Point S2 |
26584.61 |
| Daily Pivot Point S3 |
22959.25 |
| Daily Pivot Point R1 |
39078.17 |
| Daily Pivot Point R2 |
42703.52 |
| Daily Pivot Point R3 |
47137.62 |
| Previous Daily High |
38269.43 |
Previous Daily High | 38269.43 | 38269.43
| Previous Daily Low |
30209.97 |
Previous Daily Low | 30209.97 | 30209.97
| Previous Weekly High |
41987.21 |
Previous Weekly High | 41987.21 | 41987.21
| Previous Weekly Low |
27772 |
Previous Weekly Low | 27772 | 27772
| Previous Monthly High |
29307.4 |
Previous Monthly High | 29307.4 | 29307.4
| Previous Monthly Low |
17578.63 |
Previous Monthly Low | 17578.63 | 17578.63
| Daily Fibonacci 38.2% |
33288.68 |
Daily Fibonacci 38.2% | 33288.68 | 33288.68
| Daily Fibonacci 61.8% |
35190.71 |
Daily Fibonacci 61.8% | 35190.71 | 35190.71
| Daily Pivot Point S1 |
31018.71 |
Daily Pivot Point S1 | 31018.71 | 31018.71
| Daily Pivot Point S2 |
26584.61 |
Daily Pivot Point S2 | 26584.61 | 26584.61
| Daily Pivot Point S3 |
22959.25 |
Daily Pivot Point S3 | 22959.25 | 22959.25
| Daily Pivot Point R1 |
39078.17 |
Daily Pivot Point R1 | 39078.17 | 39078.17
| Daily Pivot Point R2 |
42703.52 |
Daily Pivot Point R2 | 42703.52 | 42703.52
| Daily Pivot Point R3 |
47137.62 |
Daily Pivot Point R3 | 47137.62 | 47137.62
From: FXSTREET
