BTC Price Analysis

BTC/USD price kept above the $9,350 support. Although the price is currently recovering, it needs to push past $9,825 to initiate a substantial upside. After closing below $9.5k, the price moved further beneath the $9.4k level. However, it later stabilized over the $9,340 and $9,350 marks, forming a swing low close to $9,344 before heading into recovery. Again, studying the pair's hourly chart shows a surge over a contracting triangle whose barrier is about $9,665. Presently, the pair has settled…

The performance of the BTC/USD pair is thriving in a way that its price started increasing sharply over $9.8k and $10k. The ongoing consolidation could soon see the price rally over $10.2k for an immediate bullish wave. On the previous day, BTC attained a fresh weekly low at $9,483. An upside move began later over barriers at $9.7k and $9.8k. The buyers successfully built momentum over a connecting declining trend line, $10k, and the 100 hourly SMA. Hence, the price…

The price of BTC/USD is yet to surpass the $10.2k mark.  Since the pair experienced a massive decline under $9.8k,  it is debatable to say there might be a risk of retracement. On the previous day, a notation was made regarding the crucial barrier zone which currently stands at $10.2k. There were two trials to surge past barriers at $10.2k and $10.3k. However, several hurdles saw buyers fail to gain momentum over $10.2k. The pair was vaguely successful in forming…

The BTC/USD price recently fell to the weekly low at $9,483 but later increased to around $9.7k. However, this price recovery is still under immense barriers at $9,950 and $10k.  A day earlier, the price plummeted highly, even going below the 9.6k support level. It further dropped under the $9.5k(the then weekly low) but settled well under the 100 SMA.  Afterward, this price continued to drop, hitting $9,483, and surged fast to $9.5k and $9.6k levels. There was a significant…

The BTC/USD pair has maintained its upswing, getting closer to the $10.5k mark. There are, however, exhaustion signals from the pair, creating a possibility of some few points of decline preceding further upswings. BTC Bullish Run The week saw the pair bounce back strongly, surpassing the $10k hurdle. With a continued price surge, the $10.2k and the 100 hourly SMA were categorically broken. A recent bullish run pushed prices ever closer to the daunting $10.5k barrier. Even though, the bullish…

The BTC/USD price has recently hit the over $10k mark, to $10.2k but more recently plunged. There are still hopes of it doing well after all since although the price is declining the buying pressure is still active and will probably still be as long as the price remains over $9.5k.  After hitting the 10k, and even the 10.2k mark, the coins price was unable to overcome the hurdles past the 10.2k; instead, it made a new high for 2020,…

BTC/USD's price increased steadily over the $10k barrier. However, it could still fall to $9,850 before rallying towards the $10.5k zone. The pair's price rose steadily over the  $9.5k and $9.85k barriers in the last few days. Accordingly, the price surged over the $10k barrier settling above the 100 hourly SMA level. BTC New 2020 High Eventually, the price reached the $10.2k zone registering a new 2020 high near the $10,201 mark. Studying the hourly BTC/USD chart reveals a break…

The BTC/USD price is consistently increasing above the $9.5k and $9,750 marks. Moreover, it has the potential of crossing the $10k point is a likelihood of the price to cross $10k precipitating a strong rally towards $10.4k or $10,650. The price increased steadily over the $9.5k barrier and settled above the  $9.7k point, closing over the 100 hourly SMA. BTC Is Strengthening  Eventually, the price rallied over the  $9.8k level thereby attaining a new high of  $9,850 this year. Presently,…

The BTC/USD price sustained over $9k and surged to $9.5k, and it is now suggesting a powerful uptrend to $10k. Recently, the price corrected to the downside from $9.6k to $9.4k and $ eventually to $9.3k. The price then formed a swing low close to $9079, and the price rose over the barrier at $9.2k. The buyers gathered momentum, thereby phishing the price above the 100 hourly SMA and the $9.5k hurdle zone.  Eventually, the price surged over the $9.6…