- BTC/USD managed to settle above $9,300 amid steady recovery on Thursday.
- The next critical resistance awaits BTC bulls at $9,550.
Bitcoin (BTC) is hovering at $9,300, off the intraday high of $9,364. The first digital currency is range-bound with bullish bias during early Asian hours; however, the recovery may gain traction once the European session kicks in.
Bitcoin confluence levels
There are a few technical levels clustered around the current price, which means that the coin is likely to oscillate in a tight range in the short run. Meanwhile, the upside looks like the path of least resistance.
Resistance levels
$9,350-$9,380 - the upper line of 1-hour Bollinger Band, the upper line of 15-min Bollinger Band, the highest level of the previous hour, the highest level of the previous 4-hour interval.
$9,550 - Pivot Point 1-week Resistance 2, Pivot Point 1-day Resistance 2.
$10,000 - Pivot Point 1-month Resistance 1.
Support levels
$9,200 - middle lines of 1-hour and 4-hour Bollinger Bands, 38.2% Fibo retracement daily.
$9,100 - Pivot Point 1-week Resistance 1, the highest level of the previous month, Pivot Point 1-day, Support 1,
$8,750 - SMA200 (Simple Moving Average) 1-hour.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
WIF price rallies 60% as Dogwifhat’s photo sells as NFT for $4.3 million
Solana meme coin Dogwifhat’s photo was purchased by web3 pioneer Global Coin Research as an NFT. GCR’s purchase likely catalyzed a rally in WIF, with prices increasing 60% on Monday.
Solana-based meme coin SLERF surges more than 3,700% as developer burns $10 million presale tokens
Solana-based tokens have dominated the meme coin narrative with nearly double-digit gains in the past week. A recently launched meme coin project called SLERF is making headlines for the “accidental” burn of nearly 50% of the token’s supply.
XRP price recovery likely catalyzed by upcoming lawsuit deadline and key events for XRP holders
XRP price wiped out its weekly gains over the weekend but managed to stay above $0.62 early on Monday. XRP price begins recovery on Monday as traders anticipate activity in the altcoin with upcoming events.
Crypto AI token rally persists, ignited by NVIDIA AI conference
NVIDIA AI conference, starting on Monday, is considered a key AI event as market participants await the unveiling of the next AI chip, B100. NVIDIA’s influence extends to the mining sector in crypto as its chips are focused on high-performance GPUs.
Bitcoin: Can BTC hit $100,000 without a correction?
Bitcoin (BTC) price shows a slowdown in momentum as it set up a new all-time high of $73,949 on March 13. Considering the massive uptrend that BTC has been experiencing, a short-term correction is nothing to be concerned about.