Bitcoin Price Forecast: BTC/USD faces bearish correction following two straight bullish days
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BTC/USD faces bearish correction following two straight bullish days as the price went down from $9,187.70 to $9,168.15. BTC/USD is presently moving

  • BTC/USD has had a bearish start to Tuesday.
  • The Elliott Oscillator has had seven straight red sessions of increasing intensity.
  • BTC/USD has had a bearish start to Tuesday.
  • BTC/USD has had a bearish start to Tuesday.
  • The Elliott Oscillator has had seven straight red sessions of increasing intensity.
  • The Elliott Oscillator has had seven straight red sessions of increasing intensity.

    BTC/USD daily price chart

    BTC/USD daily chart

    BTC/USD daily chartBTC/USD daily chart

    BTC/USD faces bearish correction following two straight bullish days as the price went down from $9,187.70 to $9,168.15. BTC/USD is presently moving in the lower half of the 20-day Bollinger Band, which is currently narrowing to show decreasing price volatility. The RSI is trending in the neutral zone, while the Oscillator has had seven straight red sessions of increasing intensity.

    $9,187.70 to $9,168.15.volatility

    Support and Resistance

    BTC/USD has four strong resistance levels at $9,289.60, $9,373,30 (SMA 20), $9,405.18 (SMA 50) and $9,468.95. On the downside, there are two healthy support levels at $9,114.25 and $9,006.65

    resistance$9,289.60, $9,373,30 (SMA 20), $9,405.18 (SMA 50) and $9,468.95$9,114.25 and $9,006.65

    Key levels

    BTC/USD

    Overview
    Today last price 9172.69
    Today Daily Change -13.00
    Today Daily Change % -0.14
    Today daily open 9185.69
     
    Trends
    Daily SMA20 9373.03
    Daily SMA50 9407.54
    Daily SMA100 8428.06
    Daily SMA200 8337.24
     
    Levels
    Previous Daily High 9234.4
    Previous Daily Low 9017.07
    Previous Weekly High 9786.22
    Previous Weekly Low 8988.56
    Previous Monthly High 10074.48
    Previous Monthly Low 8105.58
    Daily Fibonacci 38.2% 9151.38
    Daily Fibonacci 61.8% 9100.09
    Daily Pivot Point S1 9057.04
    Daily Pivot Point S2 8928.4
    Daily Pivot Point S3 8839.72
    Daily Pivot Point R1 9274.37
    Daily Pivot Point R2 9363.05
    Daily Pivot Point R3 9491.7

     

    BTC/USD

    Overview
    Today last price 9172.69
    Today Daily Change -13.00
    Today Daily Change % -0.14
    Today daily open 9185.69
     
    Trends
    Daily SMA20 9373.03
    Daily SMA50 9407.54
    Daily SMA100 8428.06
    Daily SMA200 8337.24
     
    Levels
    Previous Daily High 9234.4
    Previous Daily Low 9017.07
    Previous Weekly High 9786.22
    Previous Weekly Low 8988.56
    Previous Monthly High 10074.48
    Previous Monthly Low 8105.58
    Daily Fibonacci 38.2% 9151.38
    Daily Fibonacci 61.8% 9100.09
    Daily Pivot Point S1 9057.04
    Daily Pivot Point S2 8928.4
    Daily Pivot Point S3 8839.72
    Daily Pivot Point R1 9274.37
    Daily Pivot Point R2 9363.05
    Daily Pivot Point R3 9491.7

    BTC/USD

    Overview
    Today last price 9172.69
    Today Daily Change -13.00
    Today Daily Change % -0.14
    Today daily open 9185.69
     
    Trends
    Daily SMA20 9373.03
    Daily SMA50 9407.54
    Daily SMA100 8428.06
    Daily SMA200 8337.24
     
    Levels
    Previous Daily High 9234.4
    Previous Daily Low 9017.07
    Previous Weekly High 9786.22
    Previous Weekly Low 8988.56
    Previous Monthly High 10074.48
    Previous Monthly Low 8105.58
    Daily Fibonacci 38.2% 9151.38
    Daily Fibonacci 61.8% 9100.09
    Daily Pivot Point S1 9057.04
    Daily Pivot Point S2 8928.4
    Daily Pivot Point S3 8839.72
    Daily Pivot Point R1 9274.37
    Daily Pivot Point R2 9363.05
    Daily Pivot Point R3 9491.7

    BTC/USD

    Overview
    Today last price 9172.69
    Today Daily Change -13.00
    Today Daily Change % -0.14
    Today daily open 9185.69
     
    Trends
    Daily SMA20 9373.03
    Daily SMA50 9407.54
    Daily SMA100 8428.06
    Daily SMA200 8337.24
     
    Overview
    Today last price 9172.69
    Today Daily Change -13.00
    Today Daily Change % -0.14
    Today daily open 9185.69
    Overview Overview Overview Today last price 9172.69 Today Daily Change -13.00 Today Daily Change % -0.14 Today daily open 9185.69 Today last price 9172.69 Today last price9172.699172.69 Today Daily Change -13.00 Today Daily Change-13.00-13.00 Today Daily Change % -0.14 Today Daily Change %-0.14-0.14 Today daily open 9185.69 Today daily open9185.699185.69
     
    Trends
    Daily SMA20 9373.03
    Daily SMA50 9407.54
    Daily SMA100 8428.06
    Daily SMA200 8337.24
    Trends Trends Trends Daily SMA20 9373.03 Daily SMA50 9407.54 Daily SMA100 8428.06 Daily SMA200 8337.24 Daily SMA20 9373.03 Daily SMA209373.039373.03 Daily SMA50 9407.54 Daily SMA509407.549407.54 Daily SMA100 8428.06 Daily SMA1008428.068428.06 Daily SMA200 8337.24 Daily SMA2008337.248337.24
     
    Levels
    Previous Daily High 9234.4
    Previous Daily Low 9017.07
    Previous Weekly High 9786.22
    Previous Weekly Low 8988.56
    Previous Monthly High 10074.48
    Previous Monthly Low 8105.58
    Daily Fibonacci 38.2% 9151.38
    Daily Fibonacci 61.8% 9100.09
    Daily Pivot Point S1 9057.04
    Daily Pivot Point S2 8928.4
    Daily Pivot Point S3 8839.72
    Daily Pivot Point R1 9274.37
    Daily Pivot Point R2 9363.05
    Daily Pivot Point R3 9491.7
    Levels
    Previous Daily High 9234.4
    Previous Daily Low 9017.07
    Previous Weekly High 9786.22
    Previous Weekly Low 8988.56
    Previous Monthly High 10074.48
    Previous Monthly Low 8105.58
    Daily Fibonacci 38.2% 9151.38
    Daily Fibonacci 61.8% 9100.09
    Daily Pivot Point S1 9057.04
    Daily Pivot Point S2 8928.4
    Daily Pivot Point S3 8839.72
    Daily Pivot Point R1 9274.37
    Daily Pivot Point R2 9363.05
    Daily Pivot Point R3 9491.7
    Levels Levels Levels Previous Daily High 9234.4 Previous Daily Low 9017.07 Previous Weekly High 9786.22 Previous Weekly Low 8988.56 Previous Monthly High 10074.48 Previous Monthly Low 8105.58 Daily Fibonacci 38.2% 9151.38 Daily Fibonacci 61.8% 9100.09 Daily Pivot Point S1 9057.04 Daily Pivot Point S2 8928.4 Daily Pivot Point S3 8839.72 Daily Pivot Point R1 9274.37 Daily Pivot Point R2 9363.05 Daily Pivot Point R3 9491.7 Previous Daily High 9234.4 Previous Daily High9234.49234.4 Previous Daily Low 9017.07 Previous Daily Low9017.079017.07 Previous Weekly High 9786.22 Previous Weekly High9786.229786.22 Previous Weekly Low 8988.56 Previous Weekly Low8988.568988.56 Previous Monthly High 10074.48 Previous Monthly High10074.4810074.48 Previous Monthly Low 8105.58 Previous Monthly Low8105.588105.58 Daily Fibonacci 38.2% 9151.38 Daily Fibonacci 38.2%9151.389151.38 Daily Fibonacci 61.8% 9100.09 Daily Fibonacci 61.8%9100.099100.09 Daily Pivot Point S1 9057.04 Daily Pivot Point S19057.049057.04 Daily Pivot Point S2 8928.4 Daily Pivot Point S28928.48928.4 Daily Pivot Point S3 8839.72 Daily Pivot Point S38839.728839.72 Daily Pivot Point R1 9274.37 Daily Pivot Point R19274.379274.37 Daily Pivot Point R2 9363.05 Daily Pivot Point R29363.059363.05 Daily Pivot Point R3 9491.7 Daily Pivot Point R39491.79491.7

     


     


    From: FXSTREET