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.

Rajarshi Mitra Independent Analyst

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 price	9544.71
Today Daily Change	151.12
Today Daily Change %	1.61
Today daily open	9393.59

Trends
Daily SMA20	9219.47
Daily SMA50	9356.09
Daily SMA100	8979.64
Daily SMA200	8561.38

Levels
Previous Daily High	9438.85
Previous Daily Low	9156.75
Previous Weekly High	9345.73
Previous Weekly Low	9020.75
Previous Monthly High	10404.88
Previous Monthly Low	8823.34
Daily Fibonacci 38.2%	9331.09
Daily Fibonacci 61.8%	9264.51
Daily Pivot Point S1	9220.61
Daily Pivot Point S2	9047.63
Daily Pivot Point S3	8938.51
Daily Pivot Point R1	9502.71
Daily Pivot Point R2	9611.83
Daily Pivot Point R3	9784.82

Author

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.