Bitcoin price analysis – BTCUSD near-term target is $10,000

17 June 2019, OctaFX – Bitcoin bulls have returned in force after breaking through the $9,000 level and moving the number one crypto to a new 2019 trading high.

Bitcoin price analysis

The BTCUSD pair offers limited resistance above the $9,300 level, leaving the $10,000 level a likely near-term target. Only a sustained bearish move below the $8,400 support level will put the recent up move in the BTCUSD into question.

  • BTCUSD price is only bullish while trading above the $8,400 level, key resistance is located at the $9,300 and $10,00 levels.

  • If BTCUSD price trades under the $8,400 level, sellers may test towards the $8,200 and $8,000 support levels.


This article was provided by OctaFX. It should NOT substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

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