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  • Bitcoin price on Monday is back within the control of the bears trading in the red, down some 1.5% in the session.  
  • BTC/USD via the daily time frame continues to move within a bearish pennant structure.
  • A near-term ascending trend line preventing the price from coming under hard selling pressure.  

 

Spot rate:                  3939.20

Relative change:       -1.50%

High:                          3911.85

Low:                           3816.51

Trends:
       Daily SMA20:  3850.48
       Daily SMA50:  3652.99
       Daily SMA100:  3692.56
       Daily SMA200:  4999.09
Levels:
       Previous Daily High:  3917.33
       Previous Daily Low:  3865.98
       Previous Weekly High:  3910.39
       Previous Weekly Low:  3672.34
       Previous Monthly High:  4187.25
       Previous Monthly Low:  3338.98
       Daily Fibonacci 38.2%:  3885.6
       Daily Fibonacci 61.8%:  3897.72
       Daily Pivot Point S1:  3871.54
       Daily Pivot Point S2:  3843.09
       Daily Pivot Point S3:  3820.19
       Daily Pivot Point R1:  3922.89
       Daily Pivot Point R2:  3945.79
       Daily Pivot Point R3:  3974.24

BTC/USD 60-minute chart

  • Prominent buying within the range of $3800-700 price area, helping keep price propped up.  

 

BTC/USD daily chart

  • A near-term ascending trend line is guiding the price, for now, preventing BTC/USD from dropping to retest the lower part of the pennant.