Bitcoin Price Analysis: BTC bulls have reasons to keep 24,000 on radar
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BTC/USD prints 1.0% intraday gains while flashing 23,695 as a quote during early Monday. In doing so, the crypto major reverses the pullback moves fro

  • BTC/USD defies pullback from 24,300, recently bid from 23, 110.
  • Bullish MACD, sustained break of key resistances favor bulls.
  • Sellers need to break 19,500 for fresh entry.
  • BTC/USD defies pullback from 24,300, recently bid from 23, 110.
  • BTC/USD defies pullback from 24,300, recently bid from 23, 110.
  • Bullish MACD, sustained break of key resistances favor bulls.
  • Bullish MACD, sustained break of key resistances favor bulls.
  • Sellers need to break 19,500 for fresh entry.
  • Sellers need to break 19,500 for fresh entry.

    BTC/USD prints 1.0% intraday gains while flashing 23,695 as a quote during early Monday. In doing so, the crypto major reverses the pullback moves from the latest record high of 24,300 while bouncing off 23,110 off-late.

    Although overbought RSI conditions warn bulls, a sustained upside break of the 2017 peak, as well as an upward sloping trend line from June 2019, keeps the pair buyers hopeful.

    As a result, BTC/USD bulls might not hesitate to eye the 30,000 psychological magnet as an immediate target ahead of moving on to the more strong fundamental hints of the 100,000 landmark.

    Read: Bitcoin price at $100,000 is overly conservative, says on-chain analyst Willy Woo

    Bitcoin price at $100,000 is overly conservative, says on-chain analyst Willy Woo

    On the contrary, any further pullbacks may eye for the 20,000 round-figure. Though, sellers will remain cautious until witnessing a downside break of the 19,500 mark, comprising late-November tops.

    Overall, the BTC/USD is up for a long northward journey but intermediate corrections can’t be ruled out.

    BTC/USD daily chart

    Trend: Bullish

    Additional important levels

    Overview
    Today last price 23686.91
    Today Daily Change 210.46
    Today Daily Change % 0.90%
    Today daily open 23476.45
     
    Trends
    Daily SMA20 19917.55
    Daily SMA50 17971.99
    Daily SMA100 14708.72
    Daily SMA200 12501.79
     
    Levels
    Previous Daily High 24299.12
    Previous Daily Low 23097.91
    Previous Weekly High 23765.18
    Previous Weekly Low 18725.2
    Previous Monthly High 19864.5
    Previous Monthly Low 13219.52
    Daily Fibonacci 38.2% 23556.77
    Daily Fibonacci 61.8% 23840.26
    Daily Pivot Point S1 22949.86
    Daily Pivot Point S2 22423.28
    Daily Pivot Point S3 21748.65
    Daily Pivot Point R1 24151.07
    Daily Pivot Point R2 24825.7
    Daily Pivot Point R3 25352.29

     

    Additional important levels

    Overview
    Today last price 23686.91
    Today Daily Change 210.46
    Today Daily Change % 0.90%
    Today daily open 23476.45
     
    Trends
    Daily SMA20 19917.55
    Daily SMA50 17971.99
    Daily SMA100 14708.72
    Daily SMA200 12501.79
     
    Levels
    Previous Daily High 24299.12
    Previous Daily Low 23097.91
    Previous Weekly High 23765.18
    Previous Weekly Low 18725.2
    Previous Monthly High 19864.5
    Previous Monthly Low 13219.52
    Daily Fibonacci 38.2% 23556.77
    Daily Fibonacci 61.8% 23840.26
    Daily Pivot Point S1 22949.86
    Daily Pivot Point S2 22423.28
    Daily Pivot Point S3 21748.65
    Daily Pivot Point R1 24151.07
    Daily Pivot Point R2 24825.7
    Daily Pivot Point R3 25352.29

    Additional important levels

    Overview
    Today last price 23686.91
    Today Daily Change 210.46
    Today Daily Change % 0.90%
    Today daily open 23476.45
     
    Trends
    Daily SMA20 19917.55
    Daily SMA50 17971.99
    Daily SMA100 14708.72
    Daily SMA200 12501.79
     
    Levels
    Previous Daily High 24299.12
    Previous Daily Low 23097.91
    Previous Weekly High 23765.18
    Previous Weekly Low 18725.2
    Previous Monthly High 19864.5
    Previous Monthly Low 13219.52
    Daily Fibonacci 38.2% 23556.77
    Daily Fibonacci 61.8% 23840.26
    Daily Pivot Point S1 22949.86
    Daily Pivot Point S2 22423.28
    Daily Pivot Point S3 21748.65
    Daily Pivot Point R1 24151.07
    Daily Pivot Point R2 24825.7
    Daily Pivot Point R3 25352.29

    Additional important levels

    Overview
    Today last price 23686.91
    Today Daily Change 210.46
    Today Daily Change % 0.90%
    Today daily open 23476.45
     
    Trends
    Daily SMA20 19917.55
    Daily SMA50 17971.99
    Daily SMA100 14708.72
    Daily SMA200 12501.79
     
    Overview
    Today last price 23686.91
    Today Daily Change 210.46
    Today Daily Change % 0.90%
    Today daily open 23476.45
    Overview Overview Overview Today last price 23686.91 Today Daily Change 210.46 Today Daily Change % 0.90% Today daily open 23476.45 Today last price 23686.91 Today last price23686.9123686.91 Today Daily Change 210.46 Today Daily Change210.46210.46 Today Daily Change % 0.90% Today Daily Change %0.90%0.90% Today daily open 23476.45 Today daily open23476.4523476.45
     
    Trends
    Daily SMA20 19917.55
    Daily SMA50 17971.99
    Daily SMA100 14708.72
    Daily SMA200 12501.79
    Trends Trends Trends Daily SMA20 19917.55 Daily SMA50 17971.99 Daily SMA100 14708.72 Daily SMA200 12501.79 Daily SMA20 19917.55 Daily SMA2019917.5519917.55 Daily SMA50 17971.99 Daily SMA5017971.9917971.99 Daily SMA100 14708.72 Daily SMA10014708.7214708.72 Daily SMA200 12501.79 Daily SMA20012501.7912501.79
     
    Levels
    Previous Daily High 24299.12
    Previous Daily Low 23097.91
    Previous Weekly High 23765.18
    Previous Weekly Low 18725.2
    Previous Monthly High 19864.5
    Previous Monthly Low 13219.52
    Daily Fibonacci 38.2% 23556.77
    Daily Fibonacci 61.8% 23840.26
    Daily Pivot Point S1 22949.86
    Daily Pivot Point S2 22423.28
    Daily Pivot Point S3 21748.65
    Daily Pivot Point R1 24151.07
    Daily Pivot Point R2 24825.7
    Daily Pivot Point R3 25352.29
    Levels
    Previous Daily High 24299.12
    Previous Daily Low 23097.91
    Previous Weekly High 23765.18
    Previous Weekly Low 18725.2
    Previous Monthly High 19864.5
    Previous Monthly Low 13219.52
    Daily Fibonacci 38.2% 23556.77
    Daily Fibonacci 61.8% 23840.26
    Daily Pivot Point S1 22949.86
    Daily Pivot Point S2 22423.28
    Daily Pivot Point S3 21748.65
    Daily Pivot Point R1 24151.07
    Daily Pivot Point R2 24825.7
    Daily Pivot Point R3 25352.29
    Levels Levels Levels Previous Daily High 24299.12 Previous Daily Low 23097.91 Previous Weekly High 23765.18 Previous Weekly Low 18725.2 Previous Monthly High 19864.5 Previous Monthly Low 13219.52 Daily Fibonacci 38.2% 23556.77 Daily Fibonacci 61.8% 23840.26 Daily Pivot Point S1 22949.86 Daily Pivot Point S2 22423.28 Daily Pivot Point S3 21748.65 Daily Pivot Point R1 24151.07 Daily Pivot Point R2 24825.7 Daily Pivot Point R3 25352.29 Previous Daily High 24299.12 Previous Daily High24299.1224299.12 Previous Daily Low 23097.91 Previous Daily Low23097.9123097.91 Previous Weekly High 23765.18 Previous Weekly High23765.1823765.18 Previous Weekly Low 18725.2 Previous Weekly Low18725.218725.2 Previous Monthly High 19864.5 Previous Monthly High19864.519864.5 Previous Monthly Low 13219.52 Previous Monthly Low13219.5213219.52 Daily Fibonacci 38.2% 23556.77 Daily Fibonacci 38.2%23556.7723556.77 Daily Fibonacci 61.8% 23840.26 Daily Fibonacci 61.8%23840.2623840.26 Daily Pivot Point S1 22949.86 Daily Pivot Point S122949.8622949.86 Daily Pivot Point S2 22423.28 Daily Pivot Point S222423.2822423.28 Daily Pivot Point S3 21748.65 Daily Pivot Point S321748.6521748.65 Daily Pivot Point R1 24151.07 Daily Pivot Point R124151.0724151.07 Daily Pivot Point R2 24825.7 Daily Pivot Point R224825.724825.7 Daily Pivot Point R3 25352.29 Daily Pivot Point R325352.2925352.29

     

     

    From: FXSTREET