Bitcoin may Retest $10,000 as Support before Continuing Higher with target towards $12500 area. The Bullish trend is strong to sustain further upward.
EUR/USD broke the bearish channel, which was holding the pair inside for the last 7 trading days. Right now major resistance for the pair is 50 Moving average (red line).
Bitcoin has a daily close below the $10,000. Therefore, it is likely that Bitcoin may retrace towards $9500 before moving higher again.
BTC/USD broke 10.000 level on Sunday, which is the highest value for the pair since October 2019. But on Monday the pair fell to 9750 level.
Bitcoin Struggling to Break above $10,000 area after Bullish Gap today which started the week above $10,000 area. A daily close above $10,000 help sustain.
BTC/USD broke 10.000 level on Sunday, which is the highest value for the pair since October 2019. From the technical point of view BTC/USD stays above both 50 Moving average
At the time of writing this article, the price of Bitcoin has rallied above $10,000 for the first time since November. Will the bullish trend continue?
Bitcoin Bullish Trend heads towards $10,000 Resistance Area breaching above $9500 area. The price may reach $10,000 with ease but might find resistance.
From the technical point of view USD/JPY stays above both 50 Moving average (red line) and 200 Moving Average (dark blue line), which is a signal of the bullish trend.
After a certain bearish correction towards the $9100 support level, the current bullish momentum of Bitcoin may extend above $10,000.