Bitcoin Technical Analysis: BTC/USD briefly dips below $9,000 and loses the daily uptrend
- 25th June 2020
- Posted by: Hakeem
- Category: FOREX LATEST NEWS DAILY, TECHNICAL ANALYSIS
- 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|
|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|