TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

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.

More from Rajarshi Mitra
Share:

Editor's Picks

Cardano Price Forecast: ADA holds above EMAs as recovery builds

Cardano Price Forecast: ADA holds above EMAs as recovery builds

Cardano reclaims trading above the key support zone on Monday after a 2.85% correction last week. Improving derivatives positioning and constructive technical outlook support a recovery for ADA. Derivatives data shows an improving sentiment among Cardano traders. CoinGlass’ long-to-short ratio for ADA reads 1.01 on Monday, flipping into green territory.

Zcash Price Forecast: $30 million ETF outflows weigh on mild ZEC recovery

Zcash Price Forecast: $30 million ETF outflows weigh on mild ZEC recovery

Zcash trades around $1,278 at press time on Monday, holding the previous day's 4% gains and showing a steady recovery over the last three days. Institutional demand for Zcash remains low, with Grayscale’s ZEC-focused Exchange Traded Fund recording $30 million in outflows last week.

Top 3 Price Prediction: BTC reclaims $83,500, ETH takes back 50-day EMA, XRP holds support

Top 3 Price Prediction: BTC reclaims $83,500, ETH takes back 50-day EMA, XRP holds support

Bitcoin takes back $83,500 on Monday after a sharp correction, with the Crypto King slipping below $81,000 the previous week. Ethereum and Ripple followed BTC’s footsteps, recovering and reclaiming the $2,500 and $1.400 marks after a pullback last week.

Ethereum Price Forecast: Weakening derivatives and US sentiment keep ETH below $2,500

Ethereum Price Forecast: Weakening derivatives and US sentiment keep ETH below $2,500

Ethereum saw a brief recovery on Friday, up 3% over the past 24 hours, but remains below the $2,500 key level as derivatives continue to show weakness. Open interest, the total value of outstanding contracts in a derivatives market, briefly rose to 13.29 million ETH earlier on Thursday as prices fell, before retreating to 12.83 million ETH.

Bitcoin: Uptober or Rektober?

Bitcoin: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.