Bitcoin (BTC/USD) Analysis
Key Highlights
BTC traded flat between $47,458 and $45,565 for the past three days. The pair faced some downside pressure after upbeat US jobs data. It is struggling to close above the 200-day MA.
Technical Analysis
Intraday trend – Bearish
On the daily chart, BTCUSD is trading above Tenken-Sen ($46,167), Kijun-sen ($42,900), and Ichimoku Kumo cloud ($40,539). It hits an intraday low of $45,773 and is currently trading around $45,974.
Major support is seen at $44,000,…
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