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BTCUSD bearish under $8,500Bitcoin has opened the new trading week under pressure as the cryptocurrency struggles to attract buyers from the $8,000 support level. The BTCUSD pair is still trading in a narrow range, as it prepares for upcoming fundamental news from the US Securities and Exchange Commission over a Bitcoin ETF. Overall, the next big directional move should come from a break of the $7,700 to $8,500 price range.
• The BTCUSD pair is only bullish while trading above the $8,500 level, key resistance is located at the $9,000 and $9,300 levels.
• If the BTCUSD pair trades under the $8,500 level, sellers may test towards the $7,700 and $7,100 support levels.
BTCUSD $7,700 pivotalBitcoin is struggling to find a clear directional bias on Thursday, after the recent rally towards the $8,500 level was quickly sold lower. The BTCUSD pair’s 100-week moving average, at $7,700, is currently acting as a major pivot and containing further losses. The $6,600 level could come into focus if a bearish break occurs, while the $9,000 level still remains the likely near-term bullish target.
• The BTCUSD pair is only bullish while trading above the $8,300 level, key resistance is located at the $9,000 and $9,600 levels.
• If the BTCUSD pair trades under the $8,300 level, sellers may test towards the $7,700 and $6,600 support levels.
BTCUSD $9,000 key resistanceBitcoin is trading above its key 200-day moving average on Tuesday, although the cryptocurrency still closed the month of September heavily into the red. Any sustained moves above the $8,300 level are likely to find strong technical resistance from the $9,000 technical region. Overall, BTCUSD bulls need to hold the pair back above the $8,300 level to shift the intraday sentiment towards the pair and encourage short-term traders to turn more bullish.
• The BTCUSD pair is only bullish while trading above the $8,300 level, key resistance is located at the $9,000 and $9,600 levels.
• If the BTCUSD pair trades under the $8,300 level, sellers may test towards the $7,500 and $7,100 support levels.
BTCUSD must bounceBitcoin has come under major downside pressure after finally breaking under the well-defined descending triangle pattern on the higher time frames. The $8,300 level is must bounce level for the BTCUSD pair or the cryptocurrency could slide towards the $7,500 level. Overall, the BTCUSD pair is a sell while trading under the triangle, bulls desperately need to rapidly move price back inside the triangle.
The BTCUSD pair is only bullish while trading above the $9,100 level, key resistance is located at the $9,600 and $10,300 levels.
If the BTCUSD pair trades under the $9,100 level, sellers may test towards the $7,500 and $6,800 support levels.
BTCUSD triangle narrowsBitcoin is slightly under pressure on Tuesday as the cryptocurrency market is struggling to build on last weeks trading gains. The BTCUSD pair is trading $10,000, with the triangle pattern on the daily time frame continuing to narrow. A move above the $10,420 level should secure a bullish breakout, while a sustained decline under the $9,600 level this week should prompt wide-spread BTCUSD selling.
The BTCUSD pair is only bullish while trading above the $10,420 level, key resistance is located at the $10,700 and $11,700 levels.
If the BTCUSD pair trades under the $10,000 level, sellers may test towards the $9,600 and $9,100 support levels.
BTCUSD still bullishThe first cryptocurrency is attempting to recover above the $10,000 level on Friday, after briefly falling towards the $9,600 support level on Thursday. Yesterday’s strong pullback may have formed an important low for the BTCUSD pair, particularly with the lower time frames still showing a bullish pattern. Overall, a continued recovery above the $10,000 level could provoke a major test of the $10,700 resistance area.
The BTCUSD pair is only bullish while trading above the $10,000 level, key resistance is located at the $10,700 and $11,700 levels.
If the BTCUSD pair trades under the $10,000 level, sellers may test towards the $9,600 and $9,300 support levels.
BTCUSD $9,700 major supportBitcoin is failing to attract a strong bid above the $10,000 level, with the number one cryptocurrency repeatedly failing around its 50-day moving average. Weakness below the $10,000 level is likely to prompt the BTCUSD pair to test towards the $9,700 support level. Buying dips under the $10,000 level is still the best strategy for trading the BTCUSD pair until the July monthly trading low is breached.
The BTCUSD pair is only bullish while trading above the $10,000 level, key resistance is located at the $10,700 and $10,960 levels.
If the BTCUSD pair trades under the $10,000 level, sellers may test towards the $9,700 and $9,300 support levels.
BTCUSD recovery possibleBitcoin is still trading around the $10,000 level as the cryptocurrency suffers from a lack of volatility and trading volumes. Bulls can still lift the BTCUSD pair back towards the $11,000 level if they continue to anchor the number crypto around the $10,000 level. A downside break under the $9,450 support level should be considered extremely bearish for the cryptocurrency.
The BTCUSD pair is only bullish while trading above the $10,000 level, key resistance is located at the $11,000 and $11,500 levels.
If the BTCUSD pair trades under the $10,000 level, sellers may test towards the $9,450 and $9,100 support levels.
BTCUSD $10,000 buy zoneBitcoin has pulled back from its monthly trading higher after bulls failed to break above the important $11,100 resistance level on Friday. Altcoins are outperforming the number one cryptocurrency, although the BTCUSD pair still has plenty of room to push higher this week if bulls can perform a bullish triangle breakout. Overall, Bitcoin still remains a strong buy towards the $10,000 support zone.
The BTCUSD pair is only bullish while trading above the $10,000 level, key resistance is located at the $11,100 and $12,300 levels.
If the BTCUSD pair trades under the $10,000 level, sellers may test towards the $9,450 and $9,100 support levels.
BTCUSD bearish signalBitcoin has slipped to a new two-week low in early Thursday trade after bearish news forced the cryptocurrency under the $9,700 level. The $9,400 level is the next big level to watch for the BTCUSD pair before the critical $9,100 support level. A number of key technical indictor are all flashing short-term sell signals.
The BTCUSD pair is only bullish while trading above the $10,250 level, key resistance is located at the $10,700 and $11,000 levels.
If the BTCUSD pair trades under the $9,900 level, sellers may test towards the $9,400 and $9,100 support levels.
BTCUSD $9,900 key supportBitcoin is slightly higher in early week trade, following another a quick recovery towards the $10,600 resistance level earlier today. The $9,900 level is the key support level to watch intraday, as it represents the BTCUSD pairs 100-day moving average. Overall, unless the $10,600 level is broken with conviction, the largest cryptocurrency could fall back towards the $9,450 level.
The BTCUSD pair is only bullish while trading above the $10,600 level, key resistance is located at the $11,000 and $11,500 levels.
The BTCUSD pair is only bearish while trading under the $10,600 level, sellers may test towards the $9,750 and $9,450 support levels.
BTCUSD bearish below $10,600Bitcoin has suffered heavy losses after the number one cryptocurrency was strongly rejected from just under the $11,000 level earlier this week. Bulls need to move price back above the $10,500 level to secure the BTCUSD pairs short-term outlook. Overall, selling technical pullbacks is favoured over buying while the BTCUSD pair trades under the important $10,600 level.
The BTCUSD pair is only bullish while trading above the $10,600 level, key resistance is located at the $11,000 and $11,500 levels.
The BTCUSD pair is only bearish while trading under the $10,600 level, sellers may test towards the $9,750 and $9,450 support levels.
BTCUSD buy pullbacksBitcoin has opened the new trading week in a bullish mood, as the first cryptocurrency continues to recover after last weeks drop towards the $9,500 level. Buying any technical pullbacks is currently preferred as the BTCUSD pair could move back towards the $10,100 to $10,500 levels. Overall, the BTCUSD pair could start to target the $11,500 level, if buyers maintain price above the $10,100 level.
The BTCUSD pair is only bullish while trading above the $10,100 level, key resistance is located at the $11,000 and $11,500 levels.
The BTCUSD pair is only bearish while trading under the $10,100 level, sellers may test towards the $9,750 and $9,400 support levels.
BTCUSD $10,000 new pivotBitcoin is attempting to recover upside momentum, after the number one cryptocurrency found strong support from the $9,400 level. The $10,000 level is now a natural pivot for the BTCUSD pair and key area to watch for a potential technical correction back towards the $10,400 to $10,800 resistance zone. Sellers may start to attack back toward the $9,400 level if the BTCUSD pir fails to attract any buying interest above the $10,000 level.
The BTCUSD pair is only bullish while trading above the $11,100 level, key resistance is located at the $12,000 and $12,300 levels.
If the BTCUSD pair trades under the $10,000 level, sellers may test towards the $9,400 and $9,080 support levels.
BTCUSD turning bearishBitcoin has lost its short-term bullish status after slipping below the $11,100 level as the broader market suffers a protracted decline. The BTCUSD pair is also trading below its monthly pivot point, at $10,893, which is also helping to encourage technical selling. BTCUSD bulls are also mindful that a triple-top pattern formation has formed since the rejection from just above the $12,000 level last week.
The BTCUSD pair is only bullish while trading above the $11,100 level, key resistance is located at the $11,400 and $11,600 levels.
The BTCUSD pair is bearish while trading under the $11,100 level, sellers may test towards the $10,650 and $10,000 support levels.
BTCUSD bulls need to defend $11,100Bitcoin is trading slightly lower in early week trade, following a sustained move below near-term support around the $11,500 level. Bitcoin bulls need to keep price above the $11,100 support level to maintain its current short-term positive trading bias. The BTCUSD pair will need to break above the $12,000 level this week or the largest cryptocurrency may face losing upside momentum.
The BTCUSD pair is only bullish while trading above the $11,100 level, key resistance is located at the $12,000 and $12,300 levels.
If the BTCUSD pair trades under the $11,100 level, sellers may test towards the $10,800 and $10,400 support levels.
BTCUSD $13,000 targetBitcoin is attempting to regain short-term upside momentum, following a strong corrective move lower from the $12,300 resistance level. The early week range break above the $11,100 level is still likely to provoke a test towards the $13,000 resistance level. Only a sustained move back under the $11,100 level can cause the short-term sentiment for the BTCUSD pair to turn bearish.
The BTCUSD pair is only bullish while trading above the $11,100 level, key resistance is located at the $12,300 and $13,000 levels.
If the BTCUSD pair trades under the $11,100 level, sellers may test towards the $10,800 and $10,400 support levels.
BTCUSD huge range breakBitcoin is starting to build strength in early week trade, following a successful break above the top-end of the number one crypto’s short-term price range. BTCUSD buyers now need to close price above the $11,700 level to provoke another test of the $13,000 level. Overall, the short-term trend for the BTCUSD pair is bullish, favoring buying any dips back towards the $11,100 level.
The BTCUSD pair is only bullish while trading above the $11,100 level, key resistance is located at the $11,700 and $13,000 levels.
If the BTCUSD pair trades under the $11,100 level, sellers may test towards the $10,800 and $10,400 support levels.
BTCUSD $10,750 key resistanceBitcoin bulls are growing increasingly confident after moving the price back above the psychological $10,000 resistance level. BTCUSD buyers could move price towards the $10,750 level, which represents the number one crypto’s former monthly pivot and also the July price open. Sellers need to move price back under the $9,440 level to encourage an attack on the $9,100 level.
The BTCUSD pair is bullish while trading above the $9,800 level, key resistance is located at the $10,700 and $11,100 levels.
If the BTCUSD pair trades under the $9,800 level, sellers may test towards the $9,400 and $9,100 support levels.
BTCUSD $9,100 breakout neededBitcoin is starting to turn more bearish on the daily time frame after a series of bearish price closes below the BTCUSD pair’s former monthly trading low. A breakout below the $9,100 level exposes the BTCUSD pair to further losses towards at last the $8,400 level. Bulls need to move price above the $10,750 resistance level to encourage another attack towards the $11,100 level.
The BTCUSD pair is only bullish while trading above the $10,750 level, key resistance is located at the $11,100 and $11,500 levels.
If the BTCUSD pair trades under the $10,000 level, sellers may test towards the $9,100 and $8,400 support levels.
BTCUSD $9,100 breakout neededBitcoin is lacking a clear direction over the short-term, as the BTCUSD pair continues to struggle around the $10,000 resistance level. BTCUSD bears now need to break the $9,100 level to trigger the next move lower towards the $8,400 support level. Buyers currently have the upper hand after a sharp reversal from the $9,450 level, placing the $10,350 level in focus.
The BTCUSD pair is only bullish while trading above the $10,350 level, key resistance is located at the $10,750 and $11,100 levels.
If the BTCUSD pair trades under the $9,100 level, sellers may test towards the $8,400 and $8,000 support levels.
