Bitcoin Price Forecast: BTC/USD trends in a narrow channel between SMA 20 and SMA 50
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BTC/USD has dropped from $9,457.68 to $9,432 in the early hours of Thursday. The price is sandwiched between SMA 20 and SMA 50 and has found resistan

  • BTC/USD bears have retained control in the early hours of Thursday.
  • The Elliott Oscillator has had a red session following two straight green sessions.
  • The RSI indicator has been trending in the neutral zone over the last eight days
  • BTC/USD bears have retained control in the early hours of Thursday.
  • BTC/USD bears have retained control in the early hours of Thursday.
  • The Elliott Oscillator has had a red session following two straight green sessions.
  • The Elliott Oscillator has had a red session following two straight green sessions.
  • The RSI indicator has been trending in the neutral zone over the last eight days
  • The RSI indicator has been trending in the neutral zone over the last eight days

    BTC/USD daily chart

    BTC/USD daily chart

    BTC/USD daily chartBTC/USD daily chart

    BTC/USD has dropped from $9,457.68 to $9,432 in the early hours of Thursday. The price is sandwiched between SMA 20 and SMA 50 and has found resistance at the downward trending line. The Elliott Oscillator has had a red session, following two straight green sessions. The RSI indicator is trending at the neutral zone as the bulls and bears have effectively canceled each other out.

    $9,457.68 to $9,432 resistance

    Support and Resistance

    BTC/USD has found resistance at $9,523.15, SMA 20 and $9,700. On the downside, healthy support lies at SMA 50, $9,280.65 and $9,067.55.

    $9,523.15, SMA 20 and $9,70SMA 50, $9,280.65 and $9,067.55.

    Key levels

    BTC/USD

    Overview
    Today last price 9432.52
    Today Daily Change -24.77
    Today Daily Change % -0.26
    Today daily open 9457.29
     
    Trends
    Daily SMA20 9610.08
    Daily SMA50 9360.93
    Daily SMA100 8023.51
    Daily SMA200 8219.72
     
    Levels
    Previous Daily High 9559.97
    Previous Daily Low 9231.26
    Previous Weekly High 10007.88
    Previous Weekly Low 9072.17
    Previous Monthly High 10074.48
    Previous Monthly Low 8105.58
    Daily Fibonacci 38.2% 9356.83
    Daily Fibonacci 61.8% 9434.41
    Daily Pivot Point S1 9272.38
    Daily Pivot Point S2 9087.47
    Daily Pivot Point S3 8943.67
    Daily Pivot Point R1 9601.09
    Daily Pivot Point R2 9744.89
    Daily Pivot Point R3 9929.8

     

    BTC/USD

    Overview
    Today last price 9432.52
    Today Daily Change -24.77
    Today Daily Change % -0.26
    Today daily open 9457.29
     
    Trends
    Daily SMA20 9610.08
    Daily SMA50 9360.93
    Daily SMA100 8023.51
    Daily SMA200 8219.72
     
    Levels
    Previous Daily High 9559.97
    Previous Daily Low 9231.26
    Previous Weekly High 10007.88
    Previous Weekly Low 9072.17
    Previous Monthly High 10074.48
    Previous Monthly Low 8105.58
    Daily Fibonacci 38.2% 9356.83
    Daily Fibonacci 61.8% 9434.41
    Daily Pivot Point S1 9272.38
    Daily Pivot Point S2 9087.47
    Daily Pivot Point S3 8943.67
    Daily Pivot Point R1 9601.09
    Daily Pivot Point R2 9744.89
    Daily Pivot Point R3 9929.8

    BTC/USD

    Overview
    Today last price 9432.52
    Today Daily Change -24.77
    Today Daily Change % -0.26
    Today daily open 9457.29
     
    Trends
    Daily SMA20 9610.08
    Daily SMA50 9360.93
    Daily SMA100 8023.51
    Daily SMA200 8219.72
     
    Levels
    Previous Daily High 9559.97
    Previous Daily Low 9231.26
    Previous Weekly High 10007.88
    Previous Weekly Low 9072.17
    Previous Monthly High 10074.48
    Previous Monthly Low 8105.58
    Daily Fibonacci 38.2% 9356.83
    Daily Fibonacci 61.8% 9434.41
    Daily Pivot Point S1 9272.38
    Daily Pivot Point S2 9087.47
    Daily Pivot Point S3 8943.67
    Daily Pivot Point R1 9601.09
    Daily Pivot Point R2 9744.89
    Daily Pivot Point R3 9929.8

    BTC/USD

    Overview
    Today last price 9432.52
    Today Daily Change -24.77
    Today Daily Change % -0.26
    Today daily open 9457.29
     
    Trends
    Daily SMA20 9610.08
    Daily SMA50 9360.93
    Daily SMA100 8023.51
    Daily SMA200 8219.72
     
    Overview
    Today last price 9432.52
    Today Daily Change -24.77
    Today Daily Change % -0.26
    Today daily open 9457.29
    Overview Overview Overview Today last price 9432.52 Today Daily Change -24.77 Today Daily Change % -0.26 Today daily open 9457.29 Today last price 9432.52 Today last price9432.529432.52 Today Daily Change -24.77 Today Daily Change-24.77-24.77 Today Daily Change % -0.26 Today Daily Change %-0.26-0.26 Today daily open 9457.29 Today daily open9457.299457.29
     
    Trends
    Daily SMA20 9610.08
    Daily SMA50 9360.93
    Daily SMA100 8023.51
    Daily SMA200 8219.72
    Trends Trends Trends Daily SMA20 9610.08 Daily SMA50 9360.93 Daily SMA100 8023.51 Daily SMA200 8219.72 Daily SMA20 9610.08 Daily SMA209610.089610.08 Daily SMA50 9360.93 Daily SMA509360.939360.93 Daily SMA100 8023.51 Daily SMA1008023.518023.51 Daily SMA200 8219.72 Daily SMA2008219.728219.72
     
    Levels
    Previous Daily High 9559.97
    Previous Daily Low 9231.26
    Previous Weekly High 10007.88
    Previous Weekly Low 9072.17
    Previous Monthly High 10074.48
    Previous Monthly Low 8105.58
    Daily Fibonacci 38.2% 9356.83
    Daily Fibonacci 61.8% 9434.41
    Daily Pivot Point S1 9272.38
    Daily Pivot Point S2 9087.47
    Daily Pivot Point S3 8943.67
    Daily Pivot Point R1 9601.09
    Daily Pivot Point R2 9744.89
    Daily Pivot Point R3 9929.8
    Levels
    Previous Daily High 9559.97
    Previous Daily Low 9231.26
    Previous Weekly High 10007.88
    Previous Weekly Low 9072.17
    Previous Monthly High 10074.48
    Previous Monthly Low 8105.58
    Daily Fibonacci 38.2% 9356.83
    Daily Fibonacci 61.8% 9434.41
    Daily Pivot Point S1 9272.38
    Daily Pivot Point S2 9087.47
    Daily Pivot Point S3 8943.67
    Daily Pivot Point R1 9601.09
    Daily Pivot Point R2 9744.89
    Daily Pivot Point R3 9929.8
    Levels Levels Levels Previous Daily High 9559.97 Previous Daily Low 9231.26 Previous Weekly High 10007.88 Previous Weekly Low 9072.17 Previous Monthly High 10074.48 Previous Monthly Low 8105.58 Daily Fibonacci 38.2% 9356.83 Daily Fibonacci 61.8% 9434.41 Daily Pivot Point S1 9272.38 Daily Pivot Point S2 9087.47 Daily Pivot Point S3 8943.67 Daily Pivot Point R1 9601.09 Daily Pivot Point R2 9744.89 Daily Pivot Point R3 9929.8 Previous Daily High 9559.97 Previous Daily High9559.979559.97 Previous Daily Low 9231.26 Previous Daily Low9231.269231.26 Previous Weekly High 10007.88 Previous Weekly High10007.8810007.88 Previous Weekly Low 9072.17 Previous Weekly Low9072.179072.17 Previous Monthly High 10074.48 Previous Monthly High10074.4810074.48 Previous Monthly Low 8105.58 Previous Monthly Low8105.588105.58 Daily Fibonacci 38.2% 9356.83 Daily Fibonacci 38.2%9356.839356.83 Daily Fibonacci 61.8% 9434.41 Daily Fibonacci 61.8%9434.419434.41 Daily Pivot Point S1 9272.38 Daily Pivot Point S19272.389272.38 Daily Pivot Point S2 9087.47 Daily Pivot Point S29087.479087.47 Daily Pivot Point S3 8943.67 Daily Pivot Point S38943.678943.67 Daily Pivot Point R1 9601.09 Daily Pivot Point R19601.099601.09 Daily Pivot Point R2 9744.89 Daily Pivot Point R29744.899744.89 Daily Pivot Point R3 9929.8 Daily Pivot Point R39929.89929.8

     


     


    From: FXSTREET