Bitcoin Technical Analysis: BTC/USD one barrier away from $10,000

  • Bitcoin price Tuesday is trading with gains of around 4.5% in the latter stages of the session. 
  • BTC/USD has gained solid ground and comfort within the $8000 price territory, as it eyes further move north. 
  • The bulls are just one barrier away from a $10,000 price return, the current barrier of $8000-8500 is being worked on. 

 

Spot rate:                  8156.79

Relative change:      +4.40%

High:                         8337.26

Low:                          6767.47

BTC/USD 60-minute chart

  • A near-term ascending trend line of support, providing the necessary comfort for the bulls. 

 

BTC/USD weekly chart

  • Bulls are attempting to breakdown the last barrier ahead of $10,000, seen at $8000-8500. 

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