-
The firm bullish grip is being confirmed by the positive Moving Average Convergence Divergence (MACD).
-
The Relative Strength Index on the daily timeframe upwards inclination shows that buyers are gaining momentum.
-
The bulls have been defending the most important zones at $10,500, $10,000and $9,000 supports levels.
-637033727493751755.png)
Bitcoin has been holding gains and managed to avert the bear action on Thursday to defend the tentative support at $10,500. Following the recent recovery move from lows around $9,400, BTC/USD broke the resistance trendline at $9,840. Re-energized bulls pushed the price towards $11,000 but hit the brakes around $11,800.
BTC has defended the most important zones at $10,500, $10,000 and $ 9,000 supports levels. At press time, Bitcoin has a market value of $10,725 following a 1.39% market change today. We are expecting resistance to build around $10,800 and $10,900 respectively.
The Moving Average Convergence Divergence (MACD) is a positive 14.954, confirming the strong bullish grip. The positive divergence signifies the growing energy as buyers prepare to trade.
The Relative Strength Index on the daily timeframe relatively inclines upwards; this shows that the buyers are gaining momentum. Bitcoin could also revisit higher levels of around $12,000.
BTC Key Technical Levels
Spot rate: $10720
Relative Change: +143.92
Open: $10575
High: $10,800
Low: $10564
Short-term trend: bullish
BTC/USD 4-hour chart
Share
