Home Bitcoin Technical Analysis: No end in sight to one of the biggest bubble in history – 1,710.00 bear target
Crypto News

Bitcoin Technical Analysis: No end in sight to one of the biggest bubble in history – 1,710.00 bear target

BTC/USD monthly chart

  • The 2018 Bitcoin bubble continues to suffer neverending losses as a drop to 2,960.00 seems inevitable.  
  • To the downside, 2,330.00 followed by 1,710.00 are the main bear targets. If 1,710.00 is exceeded then  960.00 should come into play.

BTC/USD daily chart

  • BTC/USD is trading below its 50, 100 and 200 SMA.  
  • To the downside, 2,960.00 should provide some short-term support. A break below the level  should open the doors to 2,330.00 and 1,710.00.
  • To the upside, the 4,000.00 level should act as strong resistance.

BTC/USD 30-minute chart

  • The picture on smaller time-frames suggest that 3,400.00 should act as resistance.  
  • Looking down 3,100.00 should be the next short-term target.

Additional key levels

BTC/USD

Overview:
       Today Last Price:  3257.28
       Today Daily change:  -1.8e+4  pips
       Today Daily change %:  -5.16%
       Today Daily Open:  3434.41
Trends:
       Previous Daily SMA20:  4281.19
       Previous Daily SMA50:  5507.03
       Previous Daily SMA100:  6041.63
       Previous Daily SMA200:  6492.68
Levels:
       Previous Daily High:  3841.6
       Previous Daily Low:  3427.48
       Previous Weekly High:  4404.49
       Previous Weekly Low:  3466.94
       Previous Monthly High:  6538.13
       Previous Monthly Low:  3466.94
       Previous Daily Fibonacci 38.2%:  3585.67
       Previous Daily Fibonacci 61.8%:  3683.41
       Previous Daily Pivot Point S1:  3294.06
       Previous Daily Pivot Point S2:  3153.71
       Previous Daily Pivot Point S3:  2879.95
       Previous Daily Pivot Point R1:  3708.18
       Previous Daily Pivot Point R2:  3981.95
       Previous Daily Pivot Point R3:  4122.3

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.