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  • Bitcoin price is trading up in very minor negative territory in the second half of the session on Monday, down some 0.10%
  • BTC/USD is still very much reliant on a long-running ascending trend line, which has been in play since early February.  
  • Near-term demand zone continues to prop up the price within the early $3900.

Spot rate:                  3961.50

Relative change:       -0.10%

High:                         4015.61

Low:                          3961.60

       Daily SMA20:  3848.95
       Daily SMA50:  3698.23
       Daily SMA100:  3683.46
       Daily SMA200:  4909.48
       Previous Daily High:  3991.08
       Previous Daily Low:  3933.64
       Previous Weekly High:  3917.33
       Previous Weekly Low:  3783.86
       Previous Monthly High:  4187.25
       Previous Monthly Low:  3338.98
       Daily Fibonacci 38.2%:  3955.58
       Daily Fibonacci 61.8%:  3969.14
       Daily Pivot Point S1:  3936.11
       Daily Pivot Point S2:  3906.16
       Daily Pivot Point S3:  3878.67
       Daily Pivot Point R1:  3993.55
       Daily Pivot Point R2:  4021.03
       Daily Pivot Point R3:  4050.99

BTC/USD 60-minute chart

  • Decent demand can be observed within the $3940 price area, as seen via the 60-minute chart view.
  • Supply can be observed running within the very early $4000 price region.  

BTC/USD daily chart

  • Vital near-term ascending trend line still providing necessary  support for the current trend north.  
  • There is much supply heading into the early $4000 price territory.