Home Bitcoin Price Analysis: Intraday price action shows support at 9,720
Crypto News

Bitcoin Price Analysis: Intraday price action shows support at 9,720

  • Bitcoin trades 1.48% higher as crypto sentiment remains positive.
  • The BTC/USD price has retraced slightly and 9,720 has provided some intraday support.

BTC/USD 30-Minute Chart

The price action for the past few days has been pretty bullish for the digital gold.

Now the price has moved into a chart pattern marked in red on the chart below. 

A break in either direction can help indicate the short term path of price action.

On the topside, there is a resistance level at 9,854 the bulls would be keen to break.

Looking at the daily chart, the price action still looks bullish and if we get a positive close today it would definitely help the bulls.

Bitcoin Analysis

Additional Levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.