Currently BTCUSD is down trending.
The key levels on the daily charts are Support level 3 $7651 Support level 2 $7826.5 Support level 1 $7934.8
Pivot level which is crucial to hold or exceed is $8110.3 which it failed to do so today even after a few small spikes.
If BTC is able to gain momentum over $8110.3 Possible resistance points are Resistance 1 $8285.8 Resistance 2 $8394.1 and Resistance 3 $8569.6
To maintain a real uptrend BTC will have to push past $8935.4.
The key levels on the daily charts are Support level 3 $7651 Support level 2 $7826.5 Support level 1 $7934.8
Pivot level which is crucial to hold or exceed is $8110.3 which it failed to do so today even after a few small spikes.
If BTC is able to gain momentum over $8110.3 Possible resistance points are Resistance 1 $8285.8 Resistance 2 $8394.1 and Resistance 3 $8569.6
To maintain a real uptrend BTC will have to push past $8935.4.
Note
If BTC is able to gain momentum over $8110.3 it will may possibly swing up to the resistance points**
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.