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BTC/USD daily chart

  • BTC/USD is currently trading for $3,853 as bulls will try to break past $3,900 level.
  • Moving average convergence/divergence (MACD) shows that bearish momentum is reversing.

BTC/USD 4-hour chart

  • The Ichinoku indicator in the 4-hour chart shows that BTC/USD is trying to consolidate prior to a breakout.
  • The red cloud acts like a resistance level which bulls will need to break past.

BTC/USD hourly chart

  • The 20-day Bollinger band in the hourly BTC/USD chart also shows that the price is consolidating as volatility remains consistent.
  • The last session was bearish and the price is trending below the 20-day simple moving average (SMA 20) curve.

Key Levels

  • Resistance 3: $3,975.89
  • Resistance 2: $3,934.52
  • Resistance 1: $3,893.05
  • Pivot Point: $3,851.68
  • Support 1: $3,810.21
  • Support 2: $3,768.84
  • Support 3: $3,727.37