For the last week, Bitcoin’s price has been fluctuating by 10%, with resistance around $44,000 and support at $41,000. A bearish move over resistance would disclose the 48.500 level, while a move below support would expose the 36k area. This is crystal obvious from a technical standpoint.
The support rests at 42281.07 with resistance at 42497.57 which the price is below the Pivot Point at 42371.23 located between the lines. The EMA of 10 is showing a slight bullish bias in the descendant channel, and it is below EMA of 100 and the EMA of 200. Both EMA of 100 and 200 are moving downward generating a buy signal. The RSI is moving above the level of 50, the MACD histogram is in positive territory with the signals showing upward momentum and the Stochastic is moving in high ranges with a trend for oversold area. The ADX is not showing a clear signal.
The price is below the Ichimoku Cloud and the Chinkou Span is near the market price. The Tenkan-sen is in horizontal state and the Kijun-sen has a downward momentum.

• There is resistance at 42497.57, followed by resistance at 42587.73 and 42804.23.
• There is support at 42281.07 Below, there is 42154.73 and 41938.23.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

btcc analysis