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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. 
Bitcoin Price Analysis: Can BTC/USD break into the $9,500 zone this Thursday?
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily chart

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 price9189.76
Today Daily Change31.06
Today Daily Change %0.34
Today daily open9158.7
 
Trends
Daily SMA207963.64
Daily SMA507167.05
Daily SMA1008006
Daily SMA2007989.86
 
Levels
Previous Daily High9415.01
Previous Daily Low8922.89
Previous Weekly High9476.83
Previous Weekly Low7491.5
Previous Monthly High9476.83
Previous Monthly Low6156.67
Daily Fibonacci 38.2%9227.02
Daily Fibonacci 61.8%9110.88
Daily Pivot Point S18916.06
Daily Pivot Point S28673.41
Daily Pivot Point S38423.94
Daily Pivot Point R19408.18
Daily Pivot Point R29657.65
Daily Pivot Point R39900.3


 

Author

Rajarshi Mitra

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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