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.

Ken Chigbo Independent Analyst

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

BTC/USD

Overview
Today last price	9970.89
Today Daily Change	270.92
Today Daily Change %	2.79
Today daily open	9699.97

Trends
Daily SMA20	9755.69
Daily SMA50	8816.25
Daily SMA100	8188.37
Daily SMA200	8884.61

Levels
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

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