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Bitcoin Technical Analysis: BTC/USD touches $10,974 and it’s on the verge of cracking $11,000

  • BTC/USD is up 10% in the last 24 hours after a massive breakout after the $10,000 level was cracked.
  • Bitcoin looks unstoppable now with very little resistance towards its all-time high.
Bitcoin Technical Analysis: BTC/USD touches $10,974 and it’s on the verge of cracking $11,000
Lorenzo StroeLorenzo StroeIndependent Analyst

Bitcoin is currently trading at $10,900 and eying up $11,000 seeing a significant increase in trading volume and overall interest. The daily RSI is of course, overextended but it will not stop the bulls as the momentum is simply too strong. 

BTC/USD daily chart

BTCUSD

Obviously, the daily chart is now extremely bullish after Bitcoin managed to climb above all resistance levels established in 2020. There aren’t many resistance points until $12,300 now but some indicators might slow down the buyers. 

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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