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Bitcoin Technical Analysis: BTC/USD a break above $4000 is the key to the heavens

  • Bitcoin price on Friday is holding very  modest gains of some 0.6% in the second half of the session.  
  • BTC/USD continues to flirt with the big $4000 price area, where much resistance near-term is eyed.

 

Spot rate:                 3930.40

Relative change:     +0.60%

High:                        3954.53

Low:                         3884.74

 

Trend:                       Neutral

 

Trends:
       Daily SMA20:  3578.24
       Daily SMA50:  3620.35
       Daily SMA100:  3932.26
       Daily SMA200:  5239.41
Levels:
       Previous Daily High:  3965.83
       Previous Daily Low:  3866.13
       Previous Weekly High:  3655.36
       Previous Weekly Low:  3536.68
       Previous Monthly High:  4110.71
       Previous Monthly Low:  3341.58
       Daily Fibonacci 38.2%:  3927.74
       Daily Fibonacci 61.8%:  3904.21
       Daily Pivot Point S1:  3881.46
       Daily Pivot Point S2:  3823.94
       Daily Pivot Point S3:  3781.76
       Daily Pivot Point R1:  3981.16
       Daily Pivot Point R2:  4023.35
       Daily Pivot Point R3:  4080.87

BTC/USD 60-minute chart

  • The price has found itself range-trading once again, within $3850-3975 area.  

 

BTC/USD daily chart

  • Remains somewhat elevated but unable to firmly breakthrough the $4000 price mark.  

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