Bitcoin Breaks Key Hurdle: Here’s Why It Could Revisit $10,000

2020-5-29 06:58

Bitcoin is up more than 4% and it broke the key $9,500 resistance zone against the US Dollar. BTC price is currently correcting lower, but dips remain supported near $9,350. Bitcoin gained traction above the $9,300 and $9,500 resistance levels. The price traded as high as $9,624 and it is currently correcting lower. There is a major ascending channel forming with support near $9,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct further, but dips are likely to remain supported near $9,350 and $9,300. Bitcoin Price Turns Green Yesterday, we discussed the chances of a strong increase in bitcoin price if it clears the $9,300 resistance against the US Dollar. BTC price did break the $9,300 resistance and it even surged above the $9,500 level. The upward move was strong as the price spiked above the $9,600 level and settled above the 100 hourly simple moving average. The price traded as high as $9,624 and it is currently correcting lower. It is testing the 23.6% Fib retracement level of the recent rally from the $9,108 low to $9,624 high. On the downside, there are many supports near the $9,400 and $9,350 levels. There is also a major ascending channel forming with support near $9,350 on the hourly chart of the BTC/USD pair. Bitcoin Price The channel support is close to the 50% Fib retracement level of the recent rally from the $9,108 low to $9,624 high. The main support is now near the $9,300 level (the recent breakout zone). If the price breaks the channel support, the bulls are likely to defend the main $9,300 support. Any further losses may perhaps lead the price towards the $9,200 and $9,100 support levels in the near term. More Gains in BTC? As long as bitcoin is above the $9,300 support zone, it is likely to continue higher. An initial resistance is near the $9,600 and $9,650 levels. The first major resistance on the upside is near the $9,800 level. If the bulls clear the $9,800 resistance, the price could continue to rise towards the $9,950 and $10,000 resistance levels in the coming sessions. Any further gains might lead the price towards $10,200. Technical indicators: Hourly MACD – The MACD is slowly reducing its current bullish slope. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently well above the 60 level. Major Support Levels – $9,350 followed by $9,300. Major Resistance Levels – $9,650, $9,800 and $10,000.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 103676.64 (-0.58%)
Объем 24H $73.12b
Изменеия 24h: -2.60 %, 7d: 6.44 %
Cегодня L: $103645.83 - H: $106640.42
Капитализация $2052.554b Rank 1
Цена в час новости $ 9431.41 (999.27%)

bitcoin 500 resistance key dips lower correcting

Источник: newsbtc.com

bitcoin 500 → Результатов: 126


Фото:

Crypto Community Fears Centralization As MicroStrategy’s Bitcoin Holdings Hit 132,500 BTC

A trove of mixed feelings trailed the crypto community as one of its foremost Bitcoin evangelists, Michael Saylor, announced an additional purchase of 2,500 BTCs. In a tweet yesterday afternoon, Saylor disclosed that his company had gone Bitcoin shopping over the last seven weeks at a price of approximately $16,500 per BTC, bringing the company’s […]

2022-12-30 22:31


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Struggles at $100K: Is The Rally Losing Steam?

Bitcoin price struggled to clear the $102,000 resistance zone. BTC is correcting gains and might test the $97,500 support zone. Bitcoin started a downside correction from the $102,000 zone. The price is trading above $98,000 and the 100 hourly Simple moving average.

Bitcoin Price Dips Again: Is The Momentum Shifting?

Bitcoin price started another decline and traded below the $98,000 support. BTC dipped toward the $95,000 level and is currently correcting losses. Bitcoin started a fresh decline below the $98,000 support zone.

Bitcoin Price Soars to $100K: A New Era in Crypto Begins

Bitcoin price started a fresh increase and tested the $100,000 level. BTC is now showing many positive signs and might continue to rise. Bitcoin is gaining pace above the $96,500 zone. The price is trading below $98,500 and the 100 hourly Simple moving average.