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BTC Daily Analysis: Pivotal Point

BTC will have to make a decision following its ability to overnight find a key support level. What will happen now is; whether it decides to dump down to $3582 to retest how strong the support is there or whether it uses $3687 as a support before it retries $3900. 

What do the charts say? 


  • Currently Bitcoin is resting between the 0.618 and 0.786 fibonnaci lines as it decides what to do next; positive price action illustrates we will see a green day today; albeit a 2% day. 
  • On the lower time frames; BTC is using the 55MA as the support; whilst the 15MA acts as a resistance area. 
  • An ability to breakout past $3750 would illustrate that we will see the volumes gaps at $3764 and $3820 filled. 
  • Volume is slightly decreasing, with heavy buy-side support continuing – this matched with accumulation inclining over the past 24 hours – sees a positive next 12 hours.
  • On all time frames; the RSI Stochastic is illustrating that BITCOIN is oversold. 


  • Volume gap at $3606 needs to be filled. 
  • Break of the inclining trend line support illustrates that BTC will fumble downtrend to $3606, perhaps $3582. 

Nouvive Says:  BTC will see a green day during the course of the next 24 Hours; it is key to watch the incline trend line at $3687, if it does break, we will see BTC go to $3582. 

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ViFeed Indicators

Bitcoin (BTC)
52.00 RSI
Ethereum (ETH)
57.00 RSI
47.00 RSI
Bitcoin Cash (BCH)
55.00 RSI
Litecoin (LTC)
55.00 RSI
Tether (USDT)
29.00 RSI
39.00 RSI
Binance Coin (BNB)
44.00 RSI
Bitcoin SV (BSV)
39.00 RSI
Stellar (XLM)
63.00 RSI
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