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Bitcoin Technical Analysis: BTC/USD bulls are back; big upside momentum at the lower part of the daily range-block

  • Bitcoin price on Tuesday jumps around 3% in the second half of the session.
  • BTC/USD price momentum pointing to the upside, but bulls must break vital game-changing resistance.  

BTC/USD 15-minute chart

  • Price action breaking out to the upside at session highs, buying kicked in at the low of current daily trading range-block.  

 

Spot rate:                  3806.05

Relative change:       +2.95%

High:                          3816.70

Low:                           3696.52

 

Trend:                         Bullish

 

Trends:
       Daily SMA20:  3764.68
       Daily SMA50:  3621.07
       Daily SMA100:  3712.11
       Daily SMA200:  5072.68
Levels:
       Previous Daily High:  3804.73
       Previous Daily Low:  3672.34
       Previous Weekly High:  4187.25
       Previous Weekly Low:  3659.1
       Previous Monthly High:  4187.25
       Previous Monthly Low:  3338.98
       Daily Fibonacci 38.2%:  3722.91
       Daily Fibonacci 61.8%:  3754.15
       Daily Pivot Point S1:  3646.45
       Daily Pivot Point S2:  3593.2
       Daily Pivot Point S3:  3514.06
       Daily Pivot Point R1:  3778.84
       Daily Pivot Point R2:  3857.97
       Daily Pivot Point R3:  3911.22

BTC/USD 60-minute chart

  • Big buying coming in at the latter part of the daily range-block formation.    

BTC/USD daily chart

  • Price action via the daily chart view continues to move within a bearish flag formation, despite gains today.  

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