BTC/USD bulls pushed through critical resistance of $10,000. The way to the upside is a path of the least resistance now. Bitcoin (BTC) has been growing fast since the weekend. The first digital coin broke above $10,000 and after a short period of consolidation resumed the upside and hit the intraday high of $10,334. At the time of writing, BTC/USD is changing hands at $10,300, having gained over 6% in the recent 24 hours and 3.45% since the start of Monday. Bitcoin’s market dominance index recovered to 61.5% after a drop to 60.2% during the weekend. Currently, BTC/USD is moving within a strong bullish trend, the volatility is high. BTC/USD 1-hour chart On the intraday charts, BTC/USD stays above the upper line of the 1-hour Bollinger Band at $10,295, which now serves as a local support. Once it is out of the way, the sell-off is likely to gain traction with the next focus on psychological $10,000. This barrier served as a former resistance. Now it may slow down the bears and create a new bullish impulse. Bitcoin confluence levels There are several important technical barriers below the current price, while the way to the upside is mostly clear. It means that BTC/USD is better positioned for further increase, provided that it stays above the psychological $10,000. Let’s have a closer look at the support and resistance levels. Resistance levels $10,400 – Pivot Point 1-week Resistance 3, the highest level of the previous month $11,000 – Pivot Point 1- month Resistance 2 $11,400 – 161.8% Fibo Projection monthly Support levels $10,150 – Pivot Point 1-month Resistance 1, Pivot Point 1-day Resistance 1, the upper line of the 4-hour Bollinger Band $10,000 – Pivot Point 1-week Resistance 2, the middle line of the 1-hour Bollinger Band $9,800 – the upper line of the daily Bollinger Band, 1-hour SMA50, 61.8% Fibo retracement monthly $9,500 – 1-hour SMA200, 4-hour SMA50, 38.2% Fibo retracement weekly BTC/USD, 1-day 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. View All Post By FX Street Crypto News share Read Next USD/CAD: Close ties with US economy inhibits loonie’s rally FX Street 3 years BTC/USD bulls pushed through critical resistance of $10,000. The way to the upside is a path of the least resistance now. Bitcoin (BTC) has been growing fast since the weekend. The first digital coin broke above $10,000 and after a short period of consolidation resumed the upside and hit the intraday high of $10,334. At the time of writing, BTC/USD is changing hands at $10,300, having gained over 6% in the recent 24 hours and 3.45% since the start of Monday. Bitcoin's market dominance index recovered to 61.5% after a drop to 60.2% during the weekend. Currently, BTC/USD is moving… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
