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Bitcoin Price Forecast: BTC/USD bulls stay in control for the second straight day as price makes a charge towards $9,250

FX Street
Updated:
  • BTC/USD buyers have remained in control for the second straight day.
  • The Elliott Oscillator has had two consecutive green sessions.

BTC/USD daily chart

BTC/USD daily chart

BTC/USD bulls have remained in charge for the second straight day as the price went up from $9,237 to $9,245 in the early hours of Thursday. The Elliott Oscillator has had two consecutive green sessions, which shows that the current market sentiment is bullish. Finally, the RSI has been trending around the neutral zone, meaning that the price has more upside potential.

Support and Resistance

BTC/USD bulls will need to conquer resistance at $9,295.65, $9,335.30 (SMA 20), $9,431.75 (SMA 50) and $9,475.25. On the downside, good support levels lie at $9,135 and $9,006.80 (lower curve of the 20-day Bollinger Band).

Key levels

 

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