Bitcoin Price Analysis: BTC/USD has had a wild ride
|- Bitcoin stalls at the major 10,500 resistance level.
- The digital gold had some wild swings on Thursday and trades 1.89% lower.
BTC/USD 1-Hour Chart
The 10,500 level was a major hurdle on the higher timeframes and it seems that Bitcoin could now break the level.
Now support has been seen at 10,100 but it seems selling momentum might take it through.
There is also a trendline on the chart that should be taken note of.
This is not to say that 10,500 will not get broken the daily chart is still in a clear uptrend.
The market might continue to make higher highs and higher lows. 9,082.50 is a support level on the daily chart.
 (1)-637172120252467941.png){kind=link}
Additional Levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.