Bitcoin Price USD has gone past $9300 and it is showing progressive behavior toward the $10000 mark. The BTC/USD price is trading in a confident area, up +3.97% in the 24 hours.The Bitcoin Price USD bulls are in full recovery mode. The first sign BTC displayed was a break north of $8498. This was a big support for the bulls as the $9000 price mark is rehabilitated.
Bitcoin Price USD to touch $10000?
Bitcoin price USD has improved from the opening value of $9,395 on Wednesday to the intraday high of $9,430. At the time of reporting, Bitcoin has a market value of $9,339 following an approximate loss of 0.50%.
This week, the Bitcoin price USD has improved by almost 11.24% to 12%. The low-level price of $8,303 to a high level of $ 9,191. The bullish drive displayed an inclination to drive the BTC past the moving average. Breaking this key resistance level into support is regarded as one of the symbolic signs that the Bitcoin Price is going to start a meaningful stabilization confirmed by historical data. This momentum can take BTC towards the important mark of $10000.
Bitcoin Price USD to continue its momentum?
Before this price momentum, the Bitcoin Price USD dropped to approximately $8,202. After buyers who purchased at the low price, Bitcoin rose astonishingly increasing in less than 68 hours. The resolute resistance at $9,198 gave the traders a very difficult time. Still, trading above the next barrier at $9,400 has given the belief that there is a possibility of delivering above the subjective $10,000 mark.
According to prominent analyst Peter Brandt, this bullish performance is possible because of the top zone of the downward parallel channel of the 18-day moving average. He tweeted:
Bitcoin Price USD: What’s ahead?
As per our technical analysis, Bitcoin price USD to be ruled by the improvement from the gains capped at $9,444. As recognized by RSI, the bears are getting stressed. Also, the RSI is looking distinctly downwards.In our previous Bitcoin analysis, we had predicted that BTC/USD could touch $9000 mark.
The Bitcoin price USD is rising fast after today’s surge and it is showing a current 1.6% surge. The daily chart is showing uptrend and the bulls have been able to hold the 25-period EMA as support.
Nexo - Your Crypto Banking Account
Instant Crypto Credit Lines™ from only 5.9% APR. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.
It is super easy to buy Bitcoin. Just take a look at our exchange comparison!
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
You might also like
More from Bitcoin News
Coinbase Ex-CTO Says Bitcoin Price Can Touch $100,000
Balaji Srinivasan, Coinbase ex-CTO has stated that Bitcoin price can touch $100,000 after hitting the major psychological level of $10,000. …
The Rise And Rise Of Ethereum: How Likely Is A Bitcoin Flippening?
Ethereum has risen over 32% this week, from the week’s starting price of $ 213 (Feb 06) to trading at …
Blockstack Proposes POX, Merger Of Bitcoin And Web 3.0
Blockstack published a concept draft on Feb 6, defining a Proof Of Transfer (POX) algorithm that will eventually merge Bitcoin …