Bitcoin Price Analysis: BTC/USD Bulls Eye $10,000 If Support Holds

MinerGate is a multicurrency mining pool with the easiest mining software, reliable 24/7 support service and helpful community at your disposal. Start mining now from your PC

Bitcoin continues to trend higher on its 4-hour time frame as it trades above a rising trend line connecting the lows since last month. Price is currently testing this support level and a bounce could take it to the resistance levels marked by the Fibonacci extension tool.


The 38.2% level is around $9,041 and the 50% level lines up with the swing high, either of which could hold as near-term ceilings. Stronger bullish pressure could take bitcoin up to the 61.8% level at $9,407 or the 78.6%…



Source link

Related Posts

  • 77
    https://www.youtube.com/watch?v=wku6MGYDuPE BTC, ETH/ Technical analysis price forecast 29 jan Hello! I make Bitcoin, XRP (Ripple) & other crypto technical analysis price predictions based on charts.
    Tags: analysis, price, bitcoin
  • 60
    Bitcoin is trending higher on the 1-hour chart as it moves above a rising trend line connecting the lows since late last month. Price popped up to the $10,500 mark earlier on and is in the middle of a correction. Applying the Fibonacci retracement tool on the latest swing low…
    Tags: price, trend, $, lines, bitcoin, support, high, link, tool, source
  • 60
    Bitcoin has formed higher lows and higher highs on its 4-hour time frame to trade inside an ascending channel. Price is currently testing the resistance and a bounce could take it back to support. Applying the Fibonacci retracement tool on the latest swing low and high shows that the 61.8%…
    Tags: bitcoin, higher, level, price, swing, high, link, source, $, hold
  • 59
    Bitcoin continues to trend lower inside a short-term channel that’s also part of a bullish flag formation. However, a break below support could spur a correction instead.Applying the Fibonacci retracement tool on the latest rally shows that price is currently testing the 38.2% level that lines up with a former…
    Tags: price, level, lines, support, bitcoin, $, high, swing, tool, resistance
  • 58
    Bitcoin Cash is forming a short-term rising channel with its higher lows and higher highs on the 1-hour time frame. Price bounced off support and is heading up to the 50% Fibonacci extension level. Stronger bullish momentum could take Bitcoin Cash up to the 61.8% extension that lines up with the…
    Tags: extension, $, bitcoin, price, higher, swing, high, source, link, lines
READ MORE  Taiwan Prepares to Block Anonymous Cryptocurrency Transactions

Leave a Reply

Your email address will not be published. Required fields are marked *