Bitcoin (BTC) is in a good bullish trend with support of US $ 9,200 and US $ 8,600 against the US dollar.
On the 4-hour chart of the BTC / USD, there is an uptrend trend line with support of $ 9,150.
The pair will rise further and will exceed the $ 10,000 barrier in the short term.
The price of bitcoin is well above your $ 8,600 support against the US dollar. In the future, the BTC / USD is preparing to increase the $ 10,000 and $ 10,500 gains. Bitcoin is currently trading at $ 9,448.
Bitcoin (BTC), market signals
The past week, Bitcoin, rolled over and traded up to $ 9,800 against the US dollar. Bitcoin traded as high as $ 9,742 before appearing at the seller. Later, a downward correction was initiated and the price fell below the support level of $ 9,500 and $ 9,200. The price increased 23.6% Fib recovery level from 7.786 to 9.742 dollars in the last leg. Finally, there was an increase below the $ 9,000 level before receivers reappeared.
Bitcoin increased the level of Fib recovery by 61.8% to $ 9,742 from $ 7.786 to complete a correction pattern. BTC then moved on and went above $ 9,000. Buyers also managed to break the BTC / USD on the 4-hour chart with a resilient trend line at $ 9,200. The pair seems to have risen above $ 9,200 and could increase gains to $ 9,750. More importantly, the price may possibly reach a new high level, reaching 10,000 per month..
Looking at the chart below, Bitcoin has an uptrend of upward trend with $ 9,150 support. For this reason, if the price is lower than the current levels, it is likely that the $ 9,200, $ 9,150 and $ 9,000 levels will block the declines..
Technical indicators include Bitcoin (BTC), price analysis
4-hour MACD: MACD rise zone for BTC / USD pair.
The 4-hour RSI (Relative Strength Index) is rising to RSI 65.
Major support level: US $ 9,150
Great resistance level: US $ 9,750
latest news in telegram channel..
Newsbtc
The information contained in the article is purely informational. It does not carry any investment advice. You are not responsible for the profits or damages arising from the investments you are making and cryptoparahaber.com. Investment is ultimately based on a number of themes, such as knowledge, experience, experience, research and personal decisions..