Bitcoin Technical Analysis: BTC/USD briefly dips below $9,000 and loses the daily uptrend

  • Bitcoin slipped below $9,000 but managed to quickly recover towards $9,250.
  • The daily uptrend is lost and the selling pressure keeps mounting. 

Bitcoin lost the daily 12-EMA and the 26-EMA on June 24 after a notable crash towards $9,000. On June 25, Bitcoin finally succumbed and dipped below $9,000 but not for long. The top-ranked digital asset remains inside a daily ascending parallel channel formed at the beginning of May.

BTC/USD daily chart


Unfortunately, after losing $9,160, the daily uptrend was also lost and bulls need to prove themselves by trying to close above the 12 and 26-EMAs which are on the verge of a bear cross for the first time since February 25.

BTC/USD technical levels


Today last price 9254.12
Today Daily Change -32.00
Today Daily Change % -0.34
Today daily open 9286.12
Daily SMA20 9518.07
Daily SMA50 9438.26
Daily SMA100 8264.38
Daily SMA200 8291.09
Previous Daily High 9663.81
Previous Daily Low 9196.1
Previous Weekly High 9589.87
Previous Weekly Low 8899.05
Previous Monthly High 10074.48
Previous Monthly Low 8105.58
Daily Fibonacci 38.2% 9374.76
Daily Fibonacci 61.8% 9485.15
Daily Pivot Point S1 9100.21
Daily Pivot Point S2 8914.3
Daily Pivot Point S3 8632.49
Daily Pivot Point R1 9567.92
Daily Pivot Point R2 9849.72
Daily Pivot Point R3 10035.64



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