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Bitcoin Technical Analysis: BTC/USD one barrier away from $10,000

  • Bitcoin price Tuesday is trading with gains of around 4.5% in the latter stages of the session. 
  • BTC/USD has gained solid ground and comfort within the $8000 price territory, as it eyes further move north. 
  • The bulls are just one barrier away from a $10,000 price return, the current barrier of $8000-8500 is being worked on. 
Bitcoin Technical Analysis: BTC/USD one barrier away from $10,000
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  8156.79

Relative change:      +4.40%

High:                         8337.26

Low:                          6767.47

BTC/USD

Overview
Today last price8153.29
Today Daily Change334.27
Today Daily Change %4.28
Today daily open7819.02
 
Trends
Daily SMA205810.66
Daily SMA505245.48
Daily SMA1004508.97
Daily SMA2004486.44
Levels
Previous Daily High8172.86
Previous Daily Low6866.15
Previous Weekly High6428.2
Previous Weekly Low5564.95
Previous Monthly High5632.53
Previous Monthly Low4052.2
Daily Fibonacci 38.2%7673.69
Daily Fibonacci 61.8%7365.31
Daily Pivot Point S17065.82
Daily Pivot Point S26312.63
Daily Pivot Point S35759.12
Daily Pivot Point R18372.53
Daily Pivot Point R28926.05
Daily Pivot Point R39679.24

BTC/USD 60-minute chart

  • A near-term ascending trend line of support, providing the necessary comfort for the bulls. 

BTC/USD weekly chart

  • Bulls are attempting to breakdown the last barrier ahead of $10,000, seen at $8000-8500. 

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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