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BTC/USD daily chart

  • BTC/USD daily chart forms a triangle and is ready for a breakout.
  • The 20-day simple moving average (SMA 20) curve has crossed over the SMA 50 curve which is a buy signal.  

BTC/USD 4-hour chart

  • The 20-day Bollinger band shows a decrease in volatility of the prices.
  • The last session is trending in the lower half of the Bollinger band which indicates bearish behavior.
  • The relative strength index (RSI) curve is leaning towards the oversold area.

BTC/USD hourly chart

  • BTC/USD hourly chart has had a bearish breakout from the triangle formation.
  • The moving average convergence/divergence (MACD) histogram shows a reversal from bullish to bearish momentum.

Key Levels

  • Resistance 3: $4,025.46
  • Resistance 2: $3,924.10
  • Resistance 1: $3,861.82
  • Pivot Point: $3,760.46
  • Support 1: $3,698.19
  • Support 2: $3,596.83
  • Support 3: $3,534.55