Bitcoin Price Analysis: There is lots of apprehension at current levels - Cryptonic News

Bitcoin Price Analysis: There is lots of apprehension at current levels

  • The most recent daily candles have both been “doji’s” which is a sign of indecision.
  • Since the halving event, there has been a distinct lack of momentum.

BTC/USD daily chart

Bitcoin is once again stalling near the 10K level. Both Monday’s and Tuesday’s candlesticks have been pretty indecisive (doji candles), which shows that the market is lacking any clear direction at these levels.

All we can do for now is look for breakout levels that could give us more clues on the future path of the digital gold. If the 10K level does break then there is a decent resistance zone very close by. 10522.51 has been used on three occasions on this chart alone to good effect could the next break be the real one?.

On the downside, 9139.00 is the current consolidation support low. If this breaks to the downside then the next major support level is the black horizontal line at 8114.50 is the target.

Bitcoin stuttering

Additional levels

BTC/USD

OVERVIEW
Today last price9685.35
Today Daily Change-40.48
Today Daily Change %-0.42
Today daily open9725.83
TRENDS
Daily SMA209194.54
Daily SMA507919.9
Daily SMA1007995.38
Daily SMA2008052.92
LEVELS
Previous Daily High9957.53
Previous Daily Low9442.04
Previous Weekly High9944.79
Previous Weekly Low8105.58
Previous Monthly High9476.83
Previous Monthly Low6156.67
Daily Fibonacci 38.2%9760.62
Daily Fibonacci 61.8%9638.96
Daily Pivot Point S19459.4
Daily Pivot Point S29192.97
Daily Pivot Point S38943.91
Daily Pivot Point R19974.9
Daily Pivot Point R210223.96
Daily Pivot Point R310490.39

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Bitcoin Price Analysis: There is lots of apprehension at current levels Bitcoin Price Analysis: There is lots of apprehension at current levels Reviewed by Staff Reporter on May 20, 2020 Rating: 5

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