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Bitcoin Technical Analysis: BTC/USD breaks above $9,500, is the push to $10,000 finally here?

  • BTC/USD buyers will aim for the $9,700 and $9,785 resistance levels.
  • The price reached intra-day highs of $9,566.53 before it settled down.
Bitcoin Technical Analysis: BTC/USD breaks above $9,500, is the push to $10,000 finally here?
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily chart

BTC/USD daily chart

BTC/USD bulls have spiked the price up from $9,393.92 to $9,529.65 as Wednesday’s session came to a close. They will want to continue their momentum and push above the $9,700 and $9,785 resistance levels. If they manage to do so, then this may well be the rally that takes BTC/USD back into the much-desired $10,000-zone. 

The price reached intra-day highs of $9,566.53 before it settled down. On the downside, we have healthy support at $9,441.23, $9,359.85 (SMA 50) and $9,233.25 (SMA 20).

Key levels

BTC/USD

Overview
Today last price9544.71
Today Daily Change151.12
Today Daily Change %1.61
Today daily open9393.59
 
Trends
Daily SMA209219.47
Daily SMA509356.09
Daily SMA1008979.64
Daily SMA2008561.38
 
Levels
Previous Daily High9438.85
Previous Daily Low9156.75
Previous Weekly High9345.73
Previous Weekly Low9020.75
Previous Monthly High10404.88
Previous Monthly Low8823.34
Daily Fibonacci 38.2%9331.09
Daily Fibonacci 61.8%9264.51
Daily Pivot Point S19220.61
Daily Pivot Point S29047.63
Daily Pivot Point S38938.51
Daily Pivot Point R19502.71
Daily Pivot Point R29611.83
Daily Pivot Point R39784.82


 

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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