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Bitcoin Price Analysis: BTC/USD a step away from smashing through $9000

  • Bitcoin price is trading in the red, down some 1.45% in the second half of the session. 
  • BTC/USD resistance is observed at 10 and 11 November high area, preventing $9000 breakthrough for now. 
  • The bulls are edging closer towards a break into the $9000 price territory. 
Bitcoin Price Analysis: BTC/USD a step away from smashing through $9000
Ken ChigboKen ChigboIndependent Analyst

BTC/USD weekly chart

The price is running towards its fifth consecutive week in the green, following a strong flag breakout. 

BTC/USD daily chart

Price action has formed decent support at $8700, daily support, which is critical for Bitcoin’s next attempt at breaking $9000. 

Spot rate:                  8845.27

Relative change:      +1.50%

High:                         8848.81

Low:                          8665.27

BTC/USD

Overview
Today last price8840.16
Today Daily Change125.86
Today Daily Change %1.44
Today daily open8714.3
 
Trends
Daily SMA207792.43
Daily SMA507482.3
Daily SMA1007930.34
Daily SMA2009114.27
 
Levels
Previous Daily High8848.81
Previous Daily Low8580.85
Previous Weekly High8464.41
Previous Weekly Low7313.99
Previous Monthly High7770.78
Previous Monthly Low6432.05
Daily Fibonacci 38.2%8683.21
Daily Fibonacci 61.8%8746.45
Daily Pivot Point S18580.5
Daily Pivot Point S28446.69
Daily Pivot Point S38312.54
Daily Pivot Point R18848.46
Daily Pivot Point R28982.62
Daily Pivot Point R39116.42

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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