Bitcoin Technical Analysis: BTC/USD lags behind Ethereum which already hade a breakout above $400
- Ethereum continues leading the way while BTC remains flat.
- BTC/USD did bounce from $11,000 up to $11,745 but a breakout still hasn’t occurred.
Ethereum already got his new breakout and leg up while Bitcoin continues trading at $11,745 below the crucial resistance level at $12,000. The market dominance of Bitcoin has dropped to 58%, a level not seen since June 2019.
BTC/USD daily chart
It’s important to note that Bitcoin is still in a robust daily uptrend and bullish, however, it is slower than Ethereum which is currently taking the lead. The biggest resistance level remains at $12,000. Fortunately, bulls have been able to defend the daily 12-EMA and are at no risk right now.
BTC/USD technical levels
BTC/USD
| OVERVIEW | |
|---|---|
| Today last price | 11749.82 |
| Today Daily Change | -45.63 |
| Today Daily Change % | -0.39 |
| Today daily open | 11795.45 |
| TRENDS | |
|---|---|
| Daily SMA20 | 11289.12 |
| Daily SMA50 | 10058.95 |
| Daily SMA100 | 9748.6 |
| Daily SMA200 | 8875.98 |
| LEVELS | |
|---|---|
| Previous Daily High | 11802.48 |
| Previous Daily Low | 11276.49 |
| Previous Weekly High | 12112.72 |
| Previous Weekly Low | 10583.38 |
| Previous Monthly High | 11457.43 |
| Previous Monthly Low | 8907.52 |
| Daily Fibonacci 38.2% | 11601.55 |
| Daily Fibonacci 61.8% | 11477.42 |
| Daily Pivot Point S1 | 11447.13 |
| Daily Pivot Point S2 | 11098.82 |
| Daily Pivot Point S3 | 10921.15 |
| Daily Pivot Point R1 | 11973.12 |
| Daily Pivot Point R2 | 12150.79 |
| Daily Pivot Point R3 | 12499.1 |
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