- BTC/USD price has finally crossed the price mark of $9600 indicating bulls are marching for $10k.
- Bitcoin’s current price now is at the level of $9643.28.
- The bulls are providing the largest crypto asset positive momentum in the market which can be able to cross above $10k mark.
- However, BTC’s bullish momentum can get reversals from the major resistance level of $9900.
On a 7day-weekly chart, Bitcoin Price (BTC) started with a support level of $9900. However, it gained significant negative momentum and had a closing of $8,900 yesterday. The closing price acted as a major support level which indicated that BTC bulls can build an uptrend. The bulls performed as expected and BTC went down to the level of $9600 in today’s market. But it looks like the fundamental gain provided by BTC halving is not going to fade away easily as BTC again gained the crucial level of $9700.
It is expected that the bulls for Bitcoin are for a longer duration as it is able to sustain the mark in today’s market. The current price of BTC is $9643.28 with a positive movement of 6.28%. The market capitalization is $181,331,572,752 with volume traded of $56,072,848,934. The current circulating supply is 18,368,625 BTC. The market dominance for bitcoin in the crypto market remains at 67.00%.
Bitcoin (BTC) Price Analysis
Fib retracement levels show that Bitcoin has been able to sustain above the level of 0.382 ($9100) and further aiming to reach the level of 0.786($9800) which is a major indicator for a bullish move. The symmetric triangle was also broken positive by BTC bulls. The levels also indicate that bitcoin price might get reversals from $9950 again.
The MACD levels have reached a bullish zone, which is a positive sign for Bitcoin bulls. The 24hour-RSI is reaching at the bullish level of 60. The 24hour-CCI touched the overbought region which indicates that bulls are not able to maintain sustainability over the price level
Overall, If Bitcoin is able to cross the price level above $10k mark and with the positive movement, it will be back onto the resistance level of $10,500 which forced the price dip to $3k level
Resistance levels: $9950 and $10000
Support Levels: $9500 and $9100