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Bitcoin technical analysis: BTC/USD bulls calculating the return to $10,000

  • Bitcoin price on Wednesday is trading in minor positive territory, holding gains of around 0.45%.
  • BTC/USD has managed to settle above the $9000 territory, as the bulls calculate a return to $10,000.  
  • The price is up around 25% in the last nine days, as the 2019 recovery continues to maintain solid ground.  

 

Spot rate:                  9105.05

Relative change:       -0.45%

High:                          9208.56

Low:                           9039.70

 

BTC/USD 60-minute chart

  • The 60-minute view can see the price action ranging at present, ahead of further committed moves.

 

 

BTC/USD weekly chart

  • Price action is stabilizing above the $9000 price territory, the next major barrier eyed up at $9,500.  

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