The current daily downtrend reduces the strength of the bulls, there is some support at 8600 dollars which is a level formed in the previous days, unless there is an adequate level of support, we will return to 8700 dollars. Daily Fibonacci 61.8% at 9400.24. unless we back to 9500 we will see 8038.38 SMA100 or 8229.58 SMA200
LEVELS
Previous Daily High 9480.16
Previous Daily Low 9270.95
Previous Weekly High 10007.88
Previous Weekly Low 9072.17
Previous Monthly High 10074.48
Previous Monthly Low 8105.58
Daily Fibonacci 38.2% 9350.86
Daily Fibonacci 61.8% 9400.24
Daily Pivot Point S1 9271.82
Daily Pivot Point S2 9166.78
Daily Pivot Point S3 9062.61
Daily Pivot Point R1 9481.03
Daily Pivot Point R2 9585.2
Daily Pivot Point R3 9690.24
TRENDS
Daily SMA20 9607.74
Daily SMA50 9372.66
Daily SMA100 8038.38
Daily SMA200 8229.58
https://www.fxstreet.com/cryptocurrencies/news/bitcoin-technical-analysis-btc-usd-at-risk-of-falling-below-9-000-202006191840