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BTC/USD Technical Analysis - Some heavy buyers just joined the party

  • The high of the session is still 10,953.00 on the daily chart
  • Markets made a push past the 10,775.00 intraday resistance
  • BTC/USD makes a late push for the key daily resistance levels
BTC USD intraday chart

BTC/USD just punched higher after a key intraday resitance level was broken with some heavy volume.

The next target on the upside is now 10,850.00. With the session high at 10,953.00.

The RSI indicator broke through a trendline and moved into oversold territory as the moved really kicked in as in the last hour 383 thousand contracts traded accorfing to Coinbase volume statsistics. 

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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