- 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 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 WooOn 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 |
| 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 |
| 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 |
From: FXSTREET
