Home Bitcoin technical analysis: BTC/USD $9000 level must hold
Crypto News

Bitcoin technical analysis: BTC/USD $9000 level must hold

  • Bitcoin  price is trading in the negative territory, down some 0.30% in the second half of the session.  
  • BTC/USD is running towards its fifth consecutive session in the red, as the price continues to consolidate.  
  • Big resistance barrier should be noted at $9500, a breakdown here could provide a fresh wave to buying pressure.  

 

BTC/USD daily chart

BTC/USD price action via the daily chart view continued to move within a potentially bullish flag structure.  

BTC/USD 60-minute chart

Price action is narrowing within a range-block formation, subject to a breakout.  

 

 

Spot rate:                    9,122.02

Relative change:        -0.35%

High:                           9,304.68

Low:                            9,057.55

 

 

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.