Bitcoin technical analysis: BTC/USD bulls ignore the slump to $7,400 to focus the potential rally
2019-11-22T03:58:32Z
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Spot rate: $7,598 Relative change: -16 Percentage change: -024% Trend: Bullish Volatility: Expanding BTC/USD daily chart Bitcoin price forms yet anoth

  • Bitcoin bears ruthlessly forced Bitcoin through key support levels to refresh lows around $7,400.
  • The short-term trend remains bearish but bulls remain optimistic of a potential end-year rally.
  • Bitcoin bears ruthlessly forced Bitcoin through key support levels to refresh lows around $7,400.
  • Bitcoin bears ruthlessly forced Bitcoin through key support levels to refresh lows around $7,400.
  • The short-term trend remains bearish but bulls remain optimistic of a potential end-year rally.
  • The short-term trend remains bearish but bulls remain optimistic of a potential end-year rally.

    Spot rate: $7,598

    Spot rate

    Relative change: -16

    Relative change

    Percentage change: -024%

    Percentage change

    Trend: Bullish

    Trend

    Volatility: Expanding

    VolatilityVolatility

    BTC/USD daily chart

    BTC/USD daily chart

    Bitcoin price forms yet another falling triangle pattern giving investors hope that recovery is very possible.

    Bitcoin price

    The MACD returns into the negative region; the bearish cross signals the high presence of sellers.

    BTC/USD 4-hour chart

    BTC/USD 4-hour chart

    Bitcoin's lower low pattern continues as bears explore how deep the rabbit hole goes.

    The formation of a double-bottom pattern suggests that Bitcoin’s recovery in brewing.

    BTC/USD

    Overview
    Today last price 7605.44
    Today Daily Change -10.35
    Today Daily Change % -0.14
    Today daily open 7615.79
     
    Trends
    Daily SMA20 8764.61
    Daily SMA50 8502.58
    Daily SMA100 9270.55
    Daily SMA200 9320.52
     
    Levels
    Previous Daily High 8114.54
    Previous Daily Low 7393.27
    Previous Weekly High 9137.8
    Previous Weekly Low 8369.16
    Previous Monthly High 10484.7
    Previous Monthly Low 7300.54
    Daily Fibonacci 38.2% 7668.79
    Daily Fibonacci 61.8% 7839.01
    Daily Pivot Point S1 7301.19
    Daily Pivot Point S2 6986.6
    Daily Pivot Point S3 6579.92
    Daily Pivot Point R1 8022.46
    Daily Pivot Point R2 8429.14
    Daily Pivot Point R3 8743.73

     

    BTC/USD

    Overview
    Today last price 7605.44
    Today Daily Change -10.35
    Today Daily Change % -0.14
    Today daily open 7615.79
     
    Trends
    Daily SMA20 8764.61
    Daily SMA50 8502.58
    Daily SMA100 9270.55
    Daily SMA200 9320.52
     
    Levels
    Previous Daily High 8114.54
    Previous Daily Low 7393.27
    Previous Weekly High 9137.8
    Previous Weekly Low 8369.16
    Previous Monthly High 10484.7
    Previous Monthly Low 7300.54
    Daily Fibonacci 38.2% 7668.79
    Daily Fibonacci 61.8% 7839.01
    Daily Pivot Point S1 7301.19
    Daily Pivot Point S2 6986.6
    Daily Pivot Point S3 6579.92
    Daily Pivot Point R1 8022.46
    Daily Pivot Point R2 8429.14
    Daily Pivot Point R3 8743.73

    BTC/USD

    Overview
    Today last price 7605.44
    Today Daily Change -10.35
    Today Daily Change % -0.14
    Today daily open 7615.79
     
    Trends
    Daily SMA20 8764.61
    Daily SMA50 8502.58
    Daily SMA100 9270.55
    Daily SMA200 9320.52
     
    Levels
    Previous Daily High 8114.54
    Previous Daily Low 7393.27
    Previous Weekly High 9137.8
    Previous Weekly Low 8369.16
    Previous Monthly High 10484.7
    Previous Monthly Low 7300.54
    Daily Fibonacci 38.2% 7668.79
    Daily Fibonacci 61.8% 7839.01
    Daily Pivot Point S1 7301.19
    Daily Pivot Point S2 6986.6
    Daily Pivot Point S3 6579.92
    Daily Pivot Point R1 8022.46
    Daily Pivot Point R2 8429.14
    Daily Pivot Point R3 8743.73

    BTC/USD

    Overview
    Today last price 7605.44
    Today Daily Change -10.35
    Today Daily Change % -0.14
    Today daily open 7615.79
     
    Trends
    Daily SMA20 8764.61
    Daily SMA50 8502.58
    Daily SMA100 9270.55
    Daily SMA200 9320.52
     
    Overview
    Today last price 7605.44
    Today Daily Change -10.35
    Today Daily Change % -0.14
    Today daily open 7615.79
    Overview Overview Overview Today last price 7605.44 Today Daily Change -10.35 Today Daily Change % -0.14 Today daily open 7615.79 Today last price 7605.44 Today last price7605.447605.44 Today Daily Change -10.35 Today Daily Change-10.35-10.35 Today Daily Change % -0.14 Today Daily Change %-0.14-0.14 Today daily open 7615.79 Today daily open7615.797615.79
     
    Trends
    Daily SMA20 8764.61
    Daily SMA50 8502.58
    Daily SMA100 9270.55
    Daily SMA200 9320.52
    Trends Trends Trends Daily SMA20 8764.61 Daily SMA50 8502.58 Daily SMA100 9270.55 Daily SMA200 9320.52 Daily SMA20 8764.61 Daily SMA208764.618764.61 Daily SMA50 8502.58 Daily SMA508502.588502.58 Daily SMA100 9270.55 Daily SMA1009270.559270.55 Daily SMA200 9320.52 Daily SMA2009320.529320.52
     
    Levels
    Previous Daily High 8114.54
    Previous Daily Low 7393.27
    Previous Weekly High 9137.8
    Previous Weekly Low 8369.16
    Previous Monthly High 10484.7
    Previous Monthly Low 7300.54
    Daily Fibonacci 38.2% 7668.79
    Daily Fibonacci 61.8% 7839.01
    Daily Pivot Point S1 7301.19
    Daily Pivot Point S2 6986.6
    Daily Pivot Point S3 6579.92
    Daily Pivot Point R1 8022.46
    Daily Pivot Point R2 8429.14
    Daily Pivot Point R3 8743.73
    Levels
    Previous Daily High 8114.54
    Previous Daily Low 7393.27
    Previous Weekly High 9137.8
    Previous Weekly Low 8369.16
    Previous Monthly High 10484.7
    Previous Monthly Low 7300.54
    Daily Fibonacci 38.2% 7668.79
    Daily Fibonacci 61.8% 7839.01
    Daily Pivot Point S1 7301.19
    Daily Pivot Point S2 6986.6
    Daily Pivot Point S3 6579.92
    Daily Pivot Point R1 8022.46
    Daily Pivot Point R2 8429.14
    Daily Pivot Point R3 8743.73
    Levels Levels Levels Previous Daily High 8114.54 Previous Daily Low 7393.27 Previous Weekly High 9137.8 Previous Weekly Low 8369.16 Previous Monthly High 10484.7 Previous Monthly Low 7300.54 Daily Fibonacci 38.2% 7668.79 Daily Fibonacci 61.8% 7839.01 Daily Pivot Point S1 7301.19 Daily Pivot Point S2 6986.6 Daily Pivot Point S3 6579.92 Daily Pivot Point R1 8022.46 Daily Pivot Point R2 8429.14 Daily Pivot Point R3 8743.73 Previous Daily High 8114.54 Previous Daily High8114.548114.54 Previous Daily Low 7393.27 Previous Daily Low7393.277393.27 Previous Weekly High 9137.8 Previous Weekly High9137.89137.8 Previous Weekly Low 8369.16 Previous Weekly Low8369.168369.16 Previous Monthly High 10484.7 Previous Monthly High10484.710484.7 Previous Monthly Low 7300.54 Previous Monthly Low7300.547300.54 Daily Fibonacci 38.2% 7668.79 Daily Fibonacci 38.2%7668.797668.79 Daily Fibonacci 61.8% 7839.01 Daily Fibonacci 61.8%7839.017839.01 Daily Pivot Point S1 7301.19 Daily Pivot Point S17301.197301.19 Daily Pivot Point S2 6986.6 Daily Pivot Point S26986.66986.6 Daily Pivot Point S3 6579.92 Daily Pivot Point S36579.926579.92 Daily Pivot Point R1 8022.46 Daily Pivot Point R18022.468022.46 Daily Pivot Point R2 8429.14 Daily Pivot Point R28429.148429.14 Daily Pivot Point R3 8743.73 Daily Pivot Point R38743.738743.73