Bitcoin (BTC) exceeds the $10,000 barrier! What will happen next? How high can Bitcoin go?

  • Bitcoin (BTC) is in a good bullish trend with support of US $ 9,200 and US $ 8,600 against the US dollar.
  • On the 4-hour chart of the BTC / USD, there is an uptrend trend line with support of $ 9,150.
  • The pair will rise further and will exceed the $ 10,000 barrier in the short term.

The price of bitcoin is well above your $ 8,600 support against the US dollar. In the future, the BTC / USD is preparing to increase the $ 10,000 and $ 10,500 gains. Bitcoin is currently trading at $ 9,448.

Bitcoin Price Today

Name Price24H (%)
Bitcoin (BTC)
$4,010.05
-0.10%
Ethereum (ETH)
$137.59
-0.66%
Bitcoin Cash (BCH)
$156.51
-2.41%
XRP (XRP)
$0.316213
0.06%
Litecoin (LTC)
$59.59
0.30%
Bitcoin Gold (BTG)
$13.18
-0.30%

Bitcoin (BTC), market signals

The past week, Bitcoin, rolled over and traded up to $ 9,800 against the US dollar. Bitcoin traded as high as $ 9,742 before appearing at the seller . Later, a downward correction was initiated and the price fell below the support level of $ 9,500 and $ 9,200. The price increased 23.6% Fib improvement level of the last leg from 7.786 to 9.742. Finally, there was an increase below the $ 9,000 level before receivers reappeared.

Bitcoin increased the level of Fib recovery by 61.8% to $ 9,742 from $ 7.786 to complete a correction pattern. BTC later moved on and went above $ 9,000. Buyers also managed to break the BTC / USD on the 4-hour chart with a resilient trend line at $ 9,200. The pair seems to have risen above $ 9,200 and could increase gains to $ 9,750. More importantly, the price may possibly reach a new high level, reaching 10,000 per month.

Bitcoin (BTC) exceeds the $ 10,000 barrier! What will happen next?

Based on the chart, Bitcoin has an uptrend of upward trend with $ 9,150 support. For this reason, if the price is lower than the current levels, it is likely that the $ 9,200, $ 9,150 and $ 9,000 levels will be blocking the declines.

Technical indicators include Bitcoin (BTC), price analysis             

4-hour MACD: MACD rise zone for BTC / USD pair.

The 4-hour RSI (Relative Strength Index) is rising to RSI 65.

Major support level: US $ 9,150

Great resistance level: US $ 9,750