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 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
  • 62
    Bitcoin still seems to be in correction mode from its bullish trend line breakout, and a pullback to the broken resistance could be needed before buyers return. If price finds support at the area of interest around $7,900 to $8,000, bitcoin could bounce to the next upside targets marked by…
    Tags: $, bitcoin, level, price, bounce, high, source, swing, lines, link
  • 62
    ✅ Differences of Strong & Weak Support & Resistance Levels ✅ Check Mark's Premium Course: ✅ Please like, subscribe & comment if you enjoyed - it helps a lot! Drawing too many support and resistance lines. How many support and resistance lines should I place? How do we…
    Tags: support, resistance, levels, lines
  • 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
READ MORE  Should Cryptocurrencies Be Used For Messaging?

Leave a Reply

Your email address will not be published.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