Bitcoin Price Analysis: BTC/USD rockets back above the big $10,000 mark

  • Bitcoin price is trading in positive territory, up 3.40% in the second half of the session. 
  • BTC/USD is heading back for another purposeful retest of the barrier at $10,500. 
  • The price managed to stage a rebound, after receiving support at the round figure of $9500.

BTC/USD daily chart

Support was found by a running ascending trend line, as the bulls look for another attempt at $10,500. 


BTC/USD 60-minute chart

A chunky bounce was seen at $9500, where decent support psychologically was noted. Price action has also smashed back above a descending trend line, allowing for greater upside momentum. 

Spot rate:                 10,030.00

Relative change:     +3.40%

High:                         10,040.20

Low:                          9,610.33


Today last price 9970.89
Today Daily Change 270.92
Today Daily Change % 2.79
Today daily open 9699.97
Daily SMA20 9755.69
Daily SMA50 8816.25
Daily SMA100 8188.37
Daily SMA200 8884.61
Previous Daily High 9966.66
Previous Daily Low 9469.94
Previous Weekly High 10511.86
Previous Weekly Low 9707.96
Previous Monthly High 9568.13
Previous Monthly Low 6856.63
Daily Fibonacci 38.2% 9659.69
Daily Fibonacci 61.8% 9776.91
Daily Pivot Point S1 9457.72
Daily Pivot Point S2 9215.47
Daily Pivot Point S3 8961
Daily Pivot Point R1 9954.44
Daily Pivot Point R2 10208.91
Daily Pivot Point R3 10451.16



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