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BTC/USD daily chart

  • BTC/USD is trading at $3,985 as the markets opened this Tuesday.
  • The market is consolidating in a flag formation and is ready for a breakout.  

BTC/USD 4-hour chart

  • The 4-hour BTC/USD price chart shows future bullish behavior as per the Ichimoku indicator.
  • The moving average convergence/divergence (MACD) shows decreasing bearish momentum.

BTC/USD hourly chart

  • The last session of the hourly BTC/USD is trending above the upper band of the 20-day Bollinger band, which is a strongly bullish sign.
  • The market is above the 20-day simple moving average (SMA 20), SMA 50, and SMA 200 curves which are all bullish indicators.
  • The last six sessions of the Elliot wave oscillators are bullish.

Key Levels

  • Resistance 3: $4,093.13
  • Resistance 2: $4,054.37
  • Resistance 1: $4,012.13
  • Pivot Point: $3,973.38
  • Support 1: $3,931.14
  • Support 2: $3,892.39
  • Support 3: $3,850.15