Bitcoin Comes to Life in Attempt to Retake $11,000

2020-9-16 12:07

The Bitcoin (BTC) price reached a local high of $10,940 on Sept 15, but was rejected by an important Fib level resistance and decreased slightly.

At the time of press, BTC was making another attempt at breaking out.

Bitcoin Gets Rejected

Since it reached a local low on Sept 8, Bitcoin has been gradually increasing. The movement can be contained inside a parallel ascending channel inside of which the price is currently very close to the resistance area.

In addition, yesterday’s high of $10,940 validated both the resistance line of this channel and the 0.5 Fib level of the entire decrease, making it a likely reversal level.

Technical indicators are showing weakness. There is a considerable bearish divergence in the RSI, and the MACD has begun to decrease considerably, possibly getting ready to cross into negative territory.

BTC Chart By TradingView

The daily chart also indicates that the upward trend has not yet been confirmed. While the MACD is increasing, the RSI is possibly facing resistance at 50. In addition, the Stochastic Oscillator has not yet made a bullish cross.

Unless the price is successful in completing the following, this is likely to be a retracement, rather than a new upward trend:

Breaking out above the 0.618 Fib level at $11,200, a level which also previously acted as support Stochastic Oscillator makes a bullish cross RSI moves above 50 BTC Chart By TradingView Wave Counts

Beginning on Sept 2, BTC likely began a bearish impulsive five-wave formation (in orange below) and is currently in wave 4. The two most likely levels for the wave to end would be at $10,937 (0.5 Fib level and current high) or $11,199 (o.618 Fib and previous support).

The fourth wave is transpiring inside a complex w-x-y corrective structure (red).

BTC Chart By TradingView

A closer look at the Y wave reveals an A-B-C formation (blue). The length of the waves supports a high of $11,200 being reached as that would give the C and A waves a 1:1.61 ratio, which is common during A-B-C corrections.

BTC Chart By TradingView

In addition, we can see that the C wave is in the fifth and final sub-wave (red). If the ascending support line that connects the bottom of sub-waves 2 and 4 is broken, it should confirm that the upward correction has ended.

BTC Chart By TradingView

To conclude, the BTC price looks to be nearing the end of the correction, which is expected to occur near $10,930 or $11,200.

For BeInCrypto’s previous Bitcoin analysis, click here!

The post Bitcoin Comes to Life in Attempt to Retake $11,000 appeared first on BeInCrypto.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 65856.45 (+0.63%)
Объем 24H $23.886b
Изменеия 24h: 2.17 %, 7d: 4.41 %
Cегодня L: $63974.34 - H: $65856.45
Капитализация $1319.954b Rank 1
Цена в час новости $ 10891.45 (504.66%)

btc bitcoin attempt fib level resistance important

Источник: beincrypto.com

btc bitcoin → Результатов: 126


Grok AI Predicts ONDO Price If Bitcoin (BTC) Crashes to $40k

Bitcoin has done it before, dropping 30%, 40%, and even 50% in a matter of weeks, and each time, altcoins felt the impact harder than BTC itself. Now, with prediction markets placing a 52% probability on BTC falling below $50,000 before the end of this year, the question of what happens to ONDO price is […] The post Grok AI Predicts ONDO Price If Bitcoin (BTC) Crashes to $40k appeared first on CaptainAltcoin.

2026-6-10 16:30


Bitcoin price prediction: Is Strategy’s 1,550 BTC buy a bullish signal after the crash?

Strategy bought 1,550 BTC after a rare 32 BTC sale. Bitcoin is stabilising near $63K after a sharp 20% monthly drop. Analysts split on whether the $60K support will hold or break lower. Bitcoin has been moving through a volatile stretch marked by sharp liquidations, uneven recovery attempts, and conflicting signals from both technical indicators […] The post Bitcoin price prediction: Is Strategy’s 1,550 BTC buy a bullish signal after the crash? appeared first on CoinJournal.

2026-6-9 18:39


Bitcoin price prediction: BTC faces critical resistance at $78,000 as ETF outflows mount

Bitcoin ETFs posted $1. 25 billion in weekly net outflows. BTC must clear $78,152 to sustain bullish momentum. Strategy paused Bitcoin purchases despite holding 843,738 BTC. Bitcoin (BTC) continued to trade near the $77,000 level on Monday amid growing institutional outflows against improving macro sentiment and rising demand from spot buyers.

2026-5-25 12:16


Фото:

Bitcoin Holds $88K as Whales Accumulate, But Long-Term Investors Are Moving Toward ZKP for Its Privacy-AI Breakout Potential

This week shows Bitcoin (BTC) stabilising near the $88,000 level after completing a key technical move by filling its lower CME futures gap. The recent pullback from the $98,000 region pushed BTC into the $88,000–$89,000 zone, where selling pressure has slowed, and price has begun to consolidate.

2026-1-26 20:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum (ETH) Weekly RSI Falls to New All-Time Low

Ethereum (ETH) has reclaimed a short-term support level and in the process created its first higher low since June 18. The post Ethereum (ETH) Weekly RSI Falls to New All-Time Low appeared first on BeInCrypto.

DASH Heads Toward Resistance After Reclaiming Range Low

The Dash (DASH) price has reclaimed an important support level after briefly deviating below it. While DASH/USD is expected to increase toward the resistance areas outlined below, the DASH/BTC pair is expected to continue decreasing.

Bitcoin Adds 10% In a Day, Reaches Long-Term Resistance

The Bitcoin (BTC) price created a bullish engulfing candlestick on Nov 5, reaching a high of $15,570 to mark a 10% gain for the day. While the price has reached an important resistance area that could act as the top, there are no signs of weakness yet in the trend.

OCEAN Falls Back to Support and Shows Strength

The Ocean Protocol (OCEAN) price is in the process of validating an important area as support. As long as the price is trading above this level, the trend is considered bullish. On the contrary, the OCEAN/BTC pair looks bearish unless it can break out above a descending resistance line that’s been holding it back.