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  • Bitcoin price on Wednesday is trading in minor positive territory up some 0.50%.  
  • BTC/USD is being supported to the upside by an ascending daily trend line. However, price  remains within consolidation mode, following the weekend selling.  


Spot rate:                3815.81

Relative change:     +0.56%

High:                        3822.74

Low:                         3779.71


Trend:                       Neutral


       Daily SMA20:  3690.45
       Daily SMA50:  3624.8
       Daily SMA100:  3810.07
       Daily SMA200:  5153.46
       Previous Daily High:  3827.21
       Previous Daily Low:  3766.84
       Previous Weekly High:  3984.92
       Previous Weekly Low:  3556.71
       Previous Monthly High:  4110.71
       Previous Monthly Low:  3341.58
       Daily Fibonacci 38.2%:  3789.9
       Daily Fibonacci 61.8%:  3804.15
       Daily Pivot Point S1:  3767.07
       Daily Pivot Point S2:  3736.77
       Daily Pivot Point S3:  3706.7
       Daily Pivot Point R1:  3827.45
       Daily Pivot Point R2:  3857.52
       Daily Pivot Point R3:  3887.82


BTC/USD 60-minute chart

  • BTC/USD near-term price action is moving within a potential bearish  flag formation via the 60-minute.


BTC/USD daily chart

  • Price action is being guided to the upside by an ascending trend line, that has been in play since 8th February.