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  • Bitcoin  price on Wednesday  is seen  nursing minor losses of just some 0.25% in the second half of the session.  
  • BTC/USD saw a rejection at the upper part of the deadly daily range block, failure to break above.  
  • The daily range as noted above tracks from $3650-900 area.  

 

Spot rate:                  3839.47

Relative change:       -0.27%

High:                         3893.14

Low:                          3810.31

Trend:                        Neutral

 

Trends:
       Daily SMA20:  3777.54
       Daily SMA50:  3627.68
       Daily SMA100:  3707.03
       Daily SMA200:  5060.33
Levels:
       Previous Daily High:  3872.71
       Previous Daily Low:  3692.52
       Previous Weekly High:  4187.25
       Previous Weekly Low:  3659.1
       Previous Monthly High:  4187.25
       Previous Monthly Low:  3338.98
       Daily Fibonacci 38.2%:  3803.88
       Daily Fibonacci 61.8%:  3761.36
       Daily Pivot Point S1:  3733.85
       Daily Pivot Point S2:  3623.1
       Daily Pivot Point S3:  3553.67
       Daily Pivot Point R1:  3914.04
       Daily Pivot Point R2:  3983.47
       Daily Pivot Point R3:  4094.22

 

BTC/USD 60-minute chart

  • Price sees a rejection at the upper part of the range-block formation, falling to break above.  

BTC/USD daily chart

  • Bitcoin failed to escape the deadly narrowing daily range block formation.