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Bitcoin Price (BTC) jumps 10%: Time to $ 12K now wide open



  • Bitcoin's price has recently risen above the key resistance level against $ 10,000 against the US dollar. the formation of the trend line with support close to $ 10,200 per hour of the BTC / USD pair (Kraken information channel). more than 10% over the past 24 hours and broke $ 10K against the US dollar. BTC is likely to continue higher to the $ 11,000 and $ 12,000 levels

    Bitcoin Price Analysis

    Yesterday, we saw a solid upward move of more than $ 9,500 at a bitter price versus the US dollar. The pair of BTC / USD remained in a positive zone and recently gathered over the main resistance of $ 10,000. It was even close to the level of $ 10,000 and a 100-hour average. A new peak of 201

    9 was formed over $ 10,800 and the price traded close to $ 11,000.

    The recent rise was convincing as it had strong results after over $ 10,000. Bulls are currently in operation despite the recent downward correction. He broke the support of $ 10,700 plus a 23,6% Fibocamp from the last rally from $ 9,853 to $ 10,903. However, the drop was shielded by the $ 10,400 support zone.

    It seems that the 50% refund rate of FiB from the last rally from $ 9,853 to $ 10,903 has acted as strong support. What's more, a key upward trend has been formed, with support close to $ 10,200 per hour of the BTC / USD pair. The pair is currently moving higher and trades above the $ 10,600. On the upside, the immediate hurdle is close to the $ 10,800 level above which the price could be traded at the $ 11,000 level. On the downside, there are a lot of support close to the $ 10,600 and $ 10,400 levels. The main support is now close to $ 10,000.

     Bitcoin BTC Graphics Chart

    Looking at the chart, the cost of the battlefields is clearly in a strong upward trend of over $ 10,000. If there are more profits, the price may even test the next major resistance close to $ 12,000. On the downside, previous resistances of around $ 9,800 and $ 9,500 are now spin levels. Only one daily closing below $ 9,500 may start a big downturn.

    Technical Indicators:

    Hourly MACD – MACD is currently heavily bullish. / USD is currently in the final overbought zone.

    Core support levels – $ 10,600, followed by $ 10,400.
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