- BTC/USD stays pressured around short-term key support after three-week downtrend.
- Bear cross, downbeat oscillators keep sellers hopeful around 61.8% Fibonacci retracement level.
- Five-week-old ascending trend line support may test the bears nearby horizontal line.
- Russian nuclear arsenal on high alert even as Kyiv-Moscow agrees for peace talks.
BTC/USD seesaws around $36,700 during the late Sunday’s trading, after declining for three consecutive weeks in the last.
In doing so, the Bitcoin pair makes rounds to the 61.8% Fibonacci retracement (Fibo.) of the quote’s upside from late January to February 10.
However, 50-SMA’s downside break of the 200-SMA, known as a bear cross, joins the downbeat RSI line and bearish MACD signals to hint at the crypto major’s further downside.
That said, three-week-old horizontal support around $36,300 may restrict the BTC/USD pair’s immediate downside ahead of an upward sloping trend line from January 24, near $34,500 by the press time.
Following that, the late January low near $32,950 will be in focus.
Alternatively, recovery moves need to provide a decisive break above the 200-SMA level of $40,043 to push back the short-term sellers.
Even so, BTC/USD bulls will remain cautious until the pair stays below a descending trend line from February 10, close to $42,000 by the press time.
Read: Risk-off start to week: Russia's Putin puts nuclear deterrence forces on high alert
BTC/USD: Four-hour chart
Trend: Further weakness eyed
Additional important levels
Overview | |
---|---|
Today last price | 37844.26 |
Today Daily Change | -1294.12 |
Today Daily Change % | -3.31% |
Today daily open | 39138.38 |
Trends | |
---|---|
Daily SMA20 | 41296.04 |
Daily SMA50 | 40444.1 |
Daily SMA100 | 45691 |
Daily SMA200 | 49208.08 |
Levels | |
---|---|
Previous Daily High | 39819.92 |
Previous Daily Low | 38596.74 |
Previous Weekly High | 40141.76 |
Previous Weekly Low | 34326.49 |
Previous Monthly High | 47983.92 |
Previous Monthly Low | 32962.74 |
Daily Fibonacci 38.2% | 39063.99 |
Daily Fibonacci 61.8% | 39352.67 |
Daily Pivot Point S1 | 38550.11 |
Daily Pivot Point S2 | 37961.83 |
Daily Pivot Point S3 | 37326.92 |
Daily Pivot Point R1 | 39773.29 |
Daily Pivot Point R2 | 40408.2 |
Daily Pivot Point R3 | 40996.48 |