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Bitcoin Technical Analysis: BTC/USD breaks above $9,500, is the push to $10,000 finally here?

  • BTC/USD buyers will aim for the $9,700 and $9,785 resistance levels.
  • The price reached intra-day highs of $9,566.53 before it settled down.

BTC/USD daily chart

BTC/USD daily chart

BTC/USD bulls have spiked the price up from $9,393.92 to $9,529.65 as Wednesday’s session came to a close. They will want to continue their momentum and push above the $9,700 and $9,785 resistance levels. If they manage to do so, then this may well be the rally that takes BTC/USD back into the much-desired $10,000-zone. 

The price reached intra-day highs of $9,566.53 before it settled down. On the downside, we have healthy support at $9,441.23, $9,359.85 (SMA 50) and $9,233.25 (SMA 20).

Key levels

 

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