Bitcoin Price Forecast: BTC/USD continues freefall as bears remain in control for the fourth straight day
header-image

BTC/USD bears remained in control for the fourth straight day as the price fell from $9,239.79 to $9,184 in the early hours of Friday. Ever since Tue

  • BTC/USD has dropped by nearly 5% since Tuesday.
  • The RSI continues to trend comfortably in the neutral zone.
  • BTC/USD has dropped by nearly 5% since Tuesday.
  • BTC/USD has dropped by nearly 5% since Tuesday.
  • The RSI continues to trend comfortably in the neutral zone.
  • The RSI continues to trend comfortably in the neutral zone.

    BTC/USD daily chart

    BTC/USD daily chart

    BTC/USD daily chartBTC/USD daily chart

    BTC/USD bears remained in control for the fourth straight day as the price fell from $9,239.79 to $9,184 in the early hours of Friday. Ever since Tuesday, the price has dropped by more than 5%. The Elliott Oscillator has had three straight red sessions, while the RSI continues to trend comfortably in the neutral zone.

    $9,239.79 to $9,184

    Support and Resistance

    BTC/USD has stiff resistance levels at $9,290.75, $9,425.25 (SMA 50) and $9,467.25 (SMA 20). On the downside, healthy support lies at $9,176.25 and $9,065

    resistance$9,290.75, $9,425.25 (SMA 50) and $9,467.25 (SMA 20$9,176.25 and $9,065

    Key levels

    BTC/USD

    Overview
    Today last price 9224.4
    Today Daily Change -15.61
    Today Daily Change % -0.17
    Today daily open 9240.01
     
    Trends
    Daily SMA20 9499.22
    Daily SMA50 9439.89
    Daily SMA100 8303.47
    Daily SMA200 8299.68
     
    Levels
    Previous Daily High 9337.17
    Previous Daily Low 8988.56
    Previous Weekly High 9589.87
    Previous Weekly Low 8899.05
    Previous Monthly High 10074.48
    Previous Monthly Low 8105.58
    Daily Fibonacci 38.2% 9121.73
    Daily Fibonacci 61.8% 9204
    Daily Pivot Point S1 9039.99
    Daily Pivot Point S2 8839.97
    Daily Pivot Point S3 8691.39
    Daily Pivot Point R1 9388.6
    Daily Pivot Point R2 9537.19
    Daily Pivot Point R3 9737.21

     

    BTC/USD

    Overview
    Today last price 9224.4
    Today Daily Change -15.61
    Today Daily Change % -0.17
    Today daily open 9240.01
     
    Trends
    Daily SMA20 9499.22
    Daily SMA50 9439.89
    Daily SMA100 8303.47
    Daily SMA200 8299.68
     
    Levels
    Previous Daily High 9337.17
    Previous Daily Low 8988.56
    Previous Weekly High 9589.87
    Previous Weekly Low 8899.05
    Previous Monthly High 10074.48
    Previous Monthly Low 8105.58
    Daily Fibonacci 38.2% 9121.73
    Daily Fibonacci 61.8% 9204
    Daily Pivot Point S1 9039.99
    Daily Pivot Point S2 8839.97
    Daily Pivot Point S3 8691.39
    Daily Pivot Point R1 9388.6
    Daily Pivot Point R2 9537.19
    Daily Pivot Point R3 9737.21

    BTC/USD

    Overview
    Today last price 9224.4
    Today Daily Change -15.61
    Today Daily Change % -0.17
    Today daily open 9240.01
     
    Trends
    Daily SMA20 9499.22
    Daily SMA50 9439.89
    Daily SMA100 8303.47
    Daily SMA200 8299.68
     
    Levels
    Previous Daily High 9337.17
    Previous Daily Low 8988.56
    Previous Weekly High 9589.87
    Previous Weekly Low 8899.05
    Previous Monthly High 10074.48
    Previous Monthly Low 8105.58
    Daily Fibonacci 38.2% 9121.73
    Daily Fibonacci 61.8% 9204
    Daily Pivot Point S1 9039.99
    Daily Pivot Point S2 8839.97
    Daily Pivot Point S3 8691.39
    Daily Pivot Point R1 9388.6
    Daily Pivot Point R2 9537.19
    Daily Pivot Point R3 9737.21

    BTC/USD

    Overview
    Today last price 9224.4
    Today Daily Change -15.61
    Today Daily Change % -0.17
    Today daily open 9240.01
     
    Trends
    Daily SMA20 9499.22
    Daily SMA50 9439.89
    Daily SMA100 8303.47
    Daily SMA200 8299.68
     
    Overview
    Today last price 9224.4
    Today Daily Change -15.61
    Today Daily Change % -0.17
    Today daily open 9240.01
    Overview Overview Overview Today last price 9224.4 Today Daily Change -15.61 Today Daily Change % -0.17 Today daily open 9240.01 Today last price 9224.4 Today last price9224.49224.4 Today Daily Change -15.61 Today Daily Change-15.61-15.61 Today Daily Change % -0.17 Today Daily Change %-0.17-0.17 Today daily open 9240.01 Today daily open9240.019240.01
     
    Trends
    Daily SMA20 9499.22
    Daily SMA50 9439.89
    Daily SMA100 8303.47
    Daily SMA200 8299.68
    Trends Trends Trends Daily SMA20 9499.22 Daily SMA50 9439.89 Daily SMA100 8303.47 Daily SMA200 8299.68 Daily SMA20 9499.22 Daily SMA209499.229499.22 Daily SMA50 9439.89 Daily SMA509439.899439.89 Daily SMA100 8303.47 Daily SMA1008303.478303.47 Daily SMA200 8299.68 Daily SMA2008299.688299.68
     
    Levels
    Previous Daily High 9337.17
    Previous Daily Low 8988.56
    Previous Weekly High 9589.87
    Previous Weekly Low 8899.05
    Previous Monthly High 10074.48
    Previous Monthly Low 8105.58
    Daily Fibonacci 38.2% 9121.73
    Daily Fibonacci 61.8% 9204
    Daily Pivot Point S1 9039.99
    Daily Pivot Point S2 8839.97
    Daily Pivot Point S3 8691.39
    Daily Pivot Point R1 9388.6
    Daily Pivot Point R2 9537.19
    Daily Pivot Point R3 9737.21
    Levels
    Previous Daily High 9337.17
    Previous Daily Low 8988.56
    Previous Weekly High 9589.87
    Previous Weekly Low 8899.05
    Previous Monthly High 10074.48
    Previous Monthly Low 8105.58
    Daily Fibonacci 38.2% 9121.73
    Daily Fibonacci 61.8% 9204
    Daily Pivot Point S1 9039.99
    Daily Pivot Point S2 8839.97
    Daily Pivot Point S3 8691.39
    Daily Pivot Point R1 9388.6
    Daily Pivot Point R2 9537.19
    Daily Pivot Point R3 9737.21
    Levels Levels Levels Previous Daily High 9337.17 Previous Daily Low 8988.56 Previous Weekly High 9589.87 Previous Weekly Low 8899.05 Previous Monthly High 10074.48 Previous Monthly Low 8105.58 Daily Fibonacci 38.2% 9121.73 Daily Fibonacci 61.8% 9204 Daily Pivot Point S1 9039.99 Daily Pivot Point S2 8839.97 Daily Pivot Point S3 8691.39 Daily Pivot Point R1 9388.6 Daily Pivot Point R2 9537.19 Daily Pivot Point R3 9737.21 Previous Daily High 9337.17 Previous Daily High9337.179337.17 Previous Daily Low 8988.56 Previous Daily Low8988.568988.56 Previous Weekly High 9589.87 Previous Weekly High9589.879589.87 Previous Weekly Low 8899.05 Previous Weekly Low8899.058899.05 Previous Monthly High 10074.48 Previous Monthly High10074.4810074.48 Previous Monthly Low 8105.58 Previous Monthly Low8105.588105.58 Daily Fibonacci 38.2% 9121.73 Daily Fibonacci 38.2%9121.739121.73 Daily Fibonacci 61.8% 9204 Daily Fibonacci 61.8%92049204 Daily Pivot Point S1 9039.99 Daily Pivot Point S19039.999039.99 Daily Pivot Point S2 8839.97 Daily Pivot Point S28839.978839.97 Daily Pivot Point S3 8691.39 Daily Pivot Point S38691.398691.39 Daily Pivot Point R1 9388.6 Daily Pivot Point R19388.69388.6 Daily Pivot Point R2 9537.19 Daily Pivot Point R29537.199537.19 Daily Pivot Point R3 9737.21 Daily Pivot Point R39737.219737.21

     


     


    From: FXSTREET