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Bitcoin Price Analysis: BTC/USD bulls set to make a critical break above last week’s high

Bitcoin price is trading in positive territory, up +1.40% in the second half of the session.
BTC/USD bulls are firmly back into control following a break north of $8500 again.
A big boost for the bulls as the $9000 price mark is reclaimed.

Ken Chigbo Independent Analyst

BTC/USD daily chart

Price action is heading for a big retest of last week’s high print up at $9190. Should the bulls successfully break above this, a further wave of upside momentum may very well follow.

BTC/USD 60-minute chart

Supply observed via the 60-minute chart view is struggling with supply in the $9100-9150 region.

Spot rate: 9009.70

Relative change: +1.30%

High: 9185.76

Low: 8894.63

BTC/USD

Overview
Today last price	9011.18
Today Daily Change	116.54
Today Daily Change %	1.31
Today daily open	8894.64

Trends
Daily SMA20	8491.92
Daily SMA50	7746.83
Daily SMA100	7973.72
Daily SMA200	8962.37

Levels
Previous Daily High	8991.54
Previous Daily Low	8557.41
Previous Weekly High	9184.59
Previous Weekly Low	8217.49
Previous Monthly High	7770.78
Previous Monthly Low	6432.05
Daily Fibonacci 38.2%	8825.7
Daily Fibonacci 61.8%	8723.25
Daily Pivot Point S1	8637.51
Daily Pivot Point S2	8380.39
Daily Pivot Point S3	8203.38
Daily Pivot Point R1	9071.65
Daily Pivot Point R2	9248.67
Daily Pivot Point R3	9505.79

Author

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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