Bitcoin Technical Analysis: BTC/USD consolidation ahead of next potential bull stampede
05/16/2019, 05:03:20
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Spot rate: 5887.03 Relative change: +0.50% High: 5914.58 Low: 5664.63 BTC/USD Overview Today last price 5886.18 Today Daily Change 140.58 Today Daily

  • Bitcoin price on Wednesday is trading in the green, gains seen of some 0.50%. 
  • BTC/USD over the last two sessions despite the small gains has been trading within consolidation mode.
  • Bulls are eyeing the next major barrier to tackle, seen up at around $6500-800, ahead of $7000.
  • Bitcoin price on Wednesday is trading in the green, gains seen of some 0.50%. 
  • Bitcoin price on Wednesday is trading in the green, gains seen of some 0.50%. 
  • BTC/USD over the last two sessions despite the small gains has been trading within consolidation mode.
  • BTC/USD over the last two sessions despite the small gains has been trading within consolidation mode.
  • Bulls are eyeing the next major barrier to tackle, seen up at around $6500-800, ahead of $7000.
  • Bulls are eyeing the next major barrier to tackle, seen up at around $6500-800, ahead of $7000.

     

    Spot rate:                  5887.03

    Relative change:      +0.50%

    High:                         5914.58

    Low:                          5664.63

    BTC/USD

    Overview
    Today last price 5886.18
    Today Daily Change 140.58
    Today Daily Change % 2.45
    Today daily open 5745.6
     
    Trends
    Daily SMA20 5393.2
    Daily SMA50 4915.2
    Daily SMA100 4310.85
    Daily SMA200 4476.82
    Levels
    Previous Daily High 5969.34
    Previous Daily Low 5687
    Previous Weekly High 5795.47
    Previous Weekly Low 5073.04
    Previous Monthly High 5632.53
    Previous Monthly Low 4052.2
    Daily Fibonacci 38.2% 5861.49
    Daily Fibonacci 61.8% 5794.85
    Daily Pivot Point S1 5631.96
    Daily Pivot Point S2 5518.31
    Daily Pivot Point S3 5349.62
    Daily Pivot Point R1 5914.29
    Daily Pivot Point R2 6082.98
    Daily Pivot Point R3 6196.63

     

    BTC/USD

    Overview
    Today last price 5886.18
    Today Daily Change 140.58
    Today Daily Change % 2.45
    Today daily open 5745.6
     
    Trends
    Daily SMA20 5393.2
    Daily SMA50 4915.2
    Daily SMA100 4310.85
    Daily SMA200 4476.82
    Levels
    Previous Daily High 5969.34
    Previous Daily Low 5687
    Previous Weekly High 5795.47
    Previous Weekly Low 5073.04
    Previous Monthly High 5632.53
    Previous Monthly Low 4052.2
    Daily Fibonacci 38.2% 5861.49
    Daily Fibonacci 61.8% 5794.85
    Daily Pivot Point S1 5631.96
    Daily Pivot Point S2 5518.31
    Daily Pivot Point S3 5349.62
    Daily Pivot Point R1 5914.29
    Daily Pivot Point R2 6082.98
    Daily Pivot Point R3 6196.63

    BTC/USD

    Overview
    Today last price 5886.18
    Today Daily Change 140.58
    Today Daily Change % 2.45
    Today daily open 5745.6
     
    Trends
    Daily SMA20 5393.2
    Daily SMA50 4915.2
    Daily SMA100 4310.85
    Daily SMA200 4476.82
    Levels
    Previous Daily High 5969.34
    Previous Daily Low 5687
    Previous Weekly High 5795.47
    Previous Weekly Low 5073.04
    Previous Monthly High 5632.53
    Previous Monthly Low 4052.2
    Daily Fibonacci 38.2% 5861.49
    Daily Fibonacci 61.8% 5794.85
    Daily Pivot Point S1 5631.96
    Daily Pivot Point S2 5518.31
    Daily Pivot Point S3 5349.62
    Daily Pivot Point R1 5914.29
    Daily Pivot Point R2 6082.98
    Daily Pivot Point R3 6196.63

    BTC/USD

    Overview
    Today last price 5886.18
    Today Daily Change 140.58
    Today Daily Change % 2.45
    Today daily open 5745.6
     
    Trends
    Daily SMA20 5393.2
    Daily SMA50 4915.2
    Daily SMA100 4310.85
    Daily SMA200 4476.82
    Overview
    Today last price 5886.18
    Today Daily Change 140.58
    Today Daily Change % 2.45
    Today daily open 5745.6
    Overview Overview Overview Today last price 5886.18 Today Daily Change 140.58 Today Daily Change % 2.45 Today daily open 5745.6 Today last price 5886.18 Today last price5886.185886.18 Today Daily Change 140.58 Today Daily Change140.58140.58 Today Daily Change % 2.45 Today Daily Change %2.452.45 Today daily open 5745.6 Today daily open5745.65745.6
     
    Trends
    Daily SMA20 5393.2
    Daily SMA50 4915.2
    Daily SMA100 4310.85
    Daily SMA200 4476.82
    Trends Trends Trends Daily SMA20 5393.2 Daily SMA50 4915.2 Daily SMA100 4310.85 Daily SMA200 4476.82 Daily SMA20 5393.2 Daily SMA205393.25393.2 Daily SMA50 4915.2 Daily SMA504915.24915.2 Daily SMA100 4310.85 Daily SMA1004310.854310.85 Daily SMA200 4476.82 Daily SMA2004476.824476.82
    Levels
    Previous Daily High 5969.34
    Previous Daily Low 5687
    Previous Weekly High 5795.47
    Previous Weekly Low 5073.04
    Previous Monthly High 5632.53
    Previous Monthly Low 4052.2
    Daily Fibonacci 38.2% 5861.49
    Daily Fibonacci 61.8% 5794.85
    Daily Pivot Point S1 5631.96
    Daily Pivot Point S2 5518.31
    Daily Pivot Point S3 5349.62
    Daily Pivot Point R1 5914.29
    Daily Pivot Point R2 6082.98
    Daily Pivot Point R3 6196.63
    Levels
    Previous Daily High 5969.34
    Previous Daily Low 5687
    Previous Weekly High 5795.47
    Previous Weekly Low 5073.04
    Previous Monthly High 5632.53
    Previous Monthly Low 4052.2
    Daily Fibonacci 38.2% 5861.49
    Daily Fibonacci 61.8% 5794.85
    Daily Pivot Point S1 5631.96
    Daily Pivot Point S2 5518.31
    Daily Pivot Point S3 5349.62
    Daily Pivot Point R1 5914.29
    Daily Pivot Point R2 6082.98
    Daily Pivot Point R3 6196.63
    Levels Levels Levels Previous Daily High 5969.34 Previous Daily Low 5687 Previous Weekly High 5795.47 Previous Weekly Low 5073.04 Previous Monthly High 5632.53 Previous Monthly Low 4052.2 Daily Fibonacci 38.2% 5861.49 Daily Fibonacci 61.8% 5794.85 Daily Pivot Point S1 5631.96 Daily Pivot Point S2 5518.31 Daily Pivot Point S3 5349.62 Daily Pivot Point R1 5914.29 Daily Pivot Point R2 6082.98 Daily Pivot Point R3 6196.63 Previous Daily High 5969.34 Previous Daily High5969.345969.34 Previous Daily Low 5687 Previous Daily Low56875687 Previous Weekly High 5795.47 Previous Weekly High5795.475795.47 Previous Weekly Low 5073.04 Previous Weekly Low5073.045073.04 Previous Monthly High 5632.53 Previous Monthly High5632.535632.53 Previous Monthly Low 4052.2 Previous Monthly Low4052.24052.2 Daily Fibonacci 38.2% 5861.49 Daily Fibonacci 38.2%5861.495861.49 Daily Fibonacci 61.8% 5794.85 Daily Fibonacci 61.8%5794.855794.85 Daily Pivot Point S1 5631.96 Daily Pivot Point S15631.965631.96 Daily Pivot Point S2 5518.31 Daily Pivot Point S25518.315518.31 Daily Pivot Point S3 5349.62 Daily Pivot Point S35349.625349.62 Daily Pivot Point R1 5914.29 Daily Pivot Point R15914.295914.29 Daily Pivot Point R2 6082.98 Daily Pivot Point R26082.986082.98 Daily Pivot Point R3 6196.63 Daily Pivot Point R36196.636196.63

     

    BTC/USD 60-minute chart

    BTC/USD 60-minute chartBTC/USD 60-minute chart
    • Consolidation can be witnessed via the 60-minute, the price moving within a near-term ascending wedge, potentially even a bearish flag structure. 
  • Consolidation can be witnessed via the 60-minute, the price moving within a near-term ascending wedge, potentially even a bearish flag structure. 
  • Consolidation can be witnessed via the 60-minute, the price moving within a near-term ascending wedge, potentially even a bearish flag structure. 

    BTC/USD daily chart

    BTC/USD daily chartBTC/USD daily chart
    • Price remains trading very close to the upper part of the breached bullish flag structure. 
  • Price remains trading very close to the upper part of the breached bullish flag structure. 
  • Price remains trading very close to the upper part of the breached bullish flag structure.