Bitcoin Price Analysis: Can BTC/USD break into the $9,500 zone this Thursday?

The SMA 20 has crossed over the SMA 200 to chart a bullish cross.
The RSI indicator is trending inside the overbought zone at 74.50.

Rajarshi Mitra Independent Analyst

BTC/USD daily chart

BTC/USD went up slightly from $9,158.31 to $9,172.30 in the early hours of Thursday as it trends in an upwards channel formation. The bulls will want to gain enough momentum to cross above the red Ichimoku cloud and enter the $9,500 zone. On the downside, healthy support lies at $9,187 and $8,826.75. The SMA 20 has crossed over the SMA 200 to chart a bullish cross pattern. The MACD indicates increasing bullish momentum, while the RSI indicator is trending inside the overbought zone at 74.50 which means that a short-term bearish correction may be around the corner.

Key levels

BTC/USD

Overview
Today last price	9189.76
Today Daily Change	31.06
Today Daily Change %	0.34
Today daily open	9158.7

Trends
Daily SMA20	7963.64
Daily SMA50	7167.05
Daily SMA100	8006
Daily SMA200	7989.86

Levels
Previous Daily High	9415.01
Previous Daily Low	8922.89
Previous Weekly High	9476.83
Previous Weekly Low	7491.5
Previous Monthly High	9476.83
Previous Monthly Low	6156.67
Daily Fibonacci 38.2%	9227.02
Daily Fibonacci 61.8%	9110.88
Daily Pivot Point S1	8916.06
Daily Pivot Point S2	8673.41
Daily Pivot Point S3	8423.94
Daily Pivot Point R1	9408.18
Daily Pivot Point R2	9657.65
Daily Pivot Point R3	9900.3

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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BTC/USD daily chart

Key levels

BTC/USD

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