Bitcoin is locked in a range with the upside limited by 1-hour SMA50. The recovery above $9,000 is needed to improve the technical picture. BTC/USD is changing hands at $8,820 as bullish attempts stop short of the local resistance created by the sloping 1-hour SMA50. The bulls forced this barrier during early Asian hours, but failed to hold the ground and retreated to the previous range. BTC has stayed mostly unchanged both on a day-to-day basis and since the beginning of Tuesday and the market struggles to figure out where to go next. The intraday chart shows that the RSI stays flat in a neutral area with a mild bullish bias. It means that the coin may continue moving in a tight range below $9,000. BTC/USD 1-hour chart Let’s have a closer look at support and resistance levels clustered around the current price. Resistance levels $8,800 – 1-hour SMA50 $9,000 – 23.6% Fibo retracement weekly, 1-hour SMA100, Pivot Point 1-day Resistance 1 $9,300 – a middle line of the daily Bollinger Band, 4-hour SMA40, 1-hour SMA200 Support levels $8,700 – 23.6% Fibo retracement monthly, Pivot Point 1-day Support 1 $8,500 – the lower line of the daily Bollinger Band, Pivot Point 1-day Support 2 $8,200 – 38.2% Fibo retracement monthly FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Canadian GDP Preview: Avoiding a double-digit fall may boost the loonie FX Street 3 years Bitcoin is locked in a range with the upside limited by 1-hour SMA50. The recovery above $9,000 is needed to improve the technical picture. BTC/USD is changing hands at $8,820 as bullish attempts stop short of the local resistance created by the sloping 1-hour SMA50. The bulls forced this barrier during early Asian hours, but failed to hold the ground and retreated to the previous range. BTC has stayed mostly unchanged both on a day-to-day basis and since the beginning of Tuesday and the market struggles to figure out where to go next. The intraday chart shows that the RSI stays… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
