Bitcoin Technical Analysis: BTC/USD lags behind Ethereum which already hade a breakout above $400

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  • 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

Bitcoin Technical Analysis: BTC/USD lags behind Ethereum which already hade a breakout above $400

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

 Reprinted from fxstreet , the copyrights all reserved by the original author.

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