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Bitcoin technical analysis: BTC/USD $10,000 is hanging on for now but remains vulnerable

  • Bitcoin price on Thursday is trading in minor positive territory by 0.20%.
  • BTC/USD has found critical support via the daily from an ascending trend line. 
  • Buyers are heavily trying to defend the $10,000 price area. 
Bitcoin technical analysis: BTC/USD $10,000 is hanging on for now but remains vulnerable
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  10,150.40

Relative change:      +0.80%

High:                         10,194.55

Low:                          9,757.33

BTC/USD daily chart

  • Determination from the buyers can be observed around the $10,000 mark. 

BTC/USD 60-minute chart

  • The upside is limited near-term by an area of supply seen at $10,100-200 range. 

Author

Ken Chigbo

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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