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Bitcoin Technical Analysis: BTC/USD takes another big dive below $5,000 as traders are getting rid of crypto assets

BTC/USD 4-hour chart

  • BTC/USD is trading in a bear trend below its 200-day simple moving average.  
  • BTC/USD is continuing the slide started last week dipping below the $5,000 level as technical indicators remain firmly in negative territories.  
  • There is no sign of a bottom. The next bear target becomes 4,000 figure.  

Additional key levels at a glance:

BTC/USD

Overview:
       Last Price:  5081.76
       Daily change:  -4.8e+4  pips
       Daily change:  -8.60%
       Daily Open:  5560.03
Trends:
       Daily SMA20:  6158.1
       Daily SMA50:  6320.75
       Daily SMA100:  6448.22
       Daily SMA200:  6903.9
Levels:
       Daily High:  5662.08
       Daily Low:  5502.59
       Weekly High:  6383.15
       Weekly Low:  5198.31
       Monthly High:  6783.05
       Monthly Low:  6060.88
       Daily Fibonacci 38.2%:  5601.15
       Daily Fibonacci 61.8%:  5563.52
       Daily Pivot Point S1:  5487.72
       Daily Pivot Point S2:  5415.41
       Daily Pivot Point S3:  5328.24
       Daily Pivot Point R1:  5647.21
       Daily Pivot Point R2:  5734.39
       Daily Pivot Point R3:  5806.7

 

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