{"id":386361,"date":"2019-06-17T06:00:49","date_gmt":"2019-06-17T06:00:49","guid":{"rendered":"https:\/\/ktsl888.com\/?p=386361"},"modified":"2024-06-11T13:44:16","modified_gmt":"2024-06-11T13:44:16","slug":"bitcoin-btc-price-next-bullish-break-could-hit-10k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-btc-price-next-bullish-break-could-hit-10k\/","title":{"rendered":"Bitcoin (BTC) Price Defies Gravity: Next Bullish Break Could Hit $10K"},"content":{"rendered":"<ul>\n<li>Bitcoin price corrected lower sharply after trading to a new yearly high at $9,390 against the US Dollar.<\/li>\n<li>The price remained well bid and it is back above the key $9,000 pivot level.<\/li>\n<li>There is a crucial bullish trend line forming with support near $8,780 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair is likely to break the $9,260 and $9,300 levels to start the next bullish wave in the near term.<\/li>\n<\/ul>\n<p><em>Bitcoin price surged higher above $9,000 and $9,300 against the US Dollar. BTC is currently gaining strength and it is likely to climb further above $9,400 and $9,500.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>In the past few days, bitcoin price consistently gained pace above $8,800 against the US Dollar. The BTC\/USD pair <a href=\"https:\/\/ktsl888.com\/2019\/06\/15\/bitcoin-btc-price-hits-first-target-can-bulls-hit-8-8k-or-9k\/\" target=\"_blank\" rel=\"noopener noreferrer \">did hit our most bullish targets<\/a>, including $9,000 and $9,200. It even broke the $9,300 level and settled well above the 100 hourly simple moving average. The recent bullish wave took the price close to the $9,400 level and a new yearly high was formed at $9,392.<\/p>\n<p>After trading as high as $9,392, there was a sharp downside correction. It spiked below the $9,100 and $9,000 levels. However, there was a quick reversal and the price settled above $9,000. Moreover, it climbed above $9,200 and recently formed a swing high at $9,255. It is currently correcting lower and tested the $9,150 level. The 23.6% Fib retracement level of the recent rally from the $8,830 low to $9,255 high is also near $9,155.<\/p>\n<p>On the downside, there are <a href=\"https:\/\/ktsl888.com\/2019\/06\/16\/bitcoin-btc-price-breaks-9k-target-10k\/\" target=\"_blank\" rel=\"noopener noreferrer \">many supports<\/a> near the $9,100 and $9,050 levels. The main support is near $9,040 and the 50% Fib retracement level of the recent rally from the $8,830 low to $9,255 high is also near $9,155. If there are more downside, the price could revisit the $9,000 support. Besides, there is a crucial bullish trend line forming with support near $8,780 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>On the upside, an initial resistance is near the $9,250 and $9,300 levels. If there is an upside break above $9,300 and a connecting bearish trend line, there could be more upsides. The next key resistances are near $9,400 and $9,500.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Bitcoin-15.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-386362\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Bitcoin-15.png?resize=1828%2C868\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Bitcoin-15.png?w=1828 1828w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Bitcoin-15.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Bitcoin-15.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Bitcoin-15.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Bitcoin-15.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Bitcoin-15.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/06\/Bitcoin-15.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XBTUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, bitcoin price clearly recovered above $9,100 after a sharp downside correction. It is now trading nicely above $9,150 and it is likely to climb further above $9,300, $9,400 and $9,500 in the coming sessions. The main target this week could be $10,000.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is about to move back in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently well above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $9,040 followed by $9,000.<\/p>\n<p>Major Resistance Levels \u2013 $9,300, $9,400 and $9,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price corrected lower sharply after trading to a new yearly high at $9,390 against the US Dollar. The price remained well bid and it is back above the key $9,000 pivot level. There is a crucial bullish trend line forming with support near $8,780 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair is likely to break the $9,260 and $9,300 levels to start the next bullish wave in the near term. Bitcoin price surged higher above $9,000 and $9,300 against the US Dollar. BTC is currently gaining strength and it is likely to climb further above $9,400 and $9,500. Bitcoin Price Analysis In the past few days, bitcoin price consistently gained pace above $8,800 against the US Dollar. The BTC\/USD pair did hit our most bullish targets, including $9,000 and $9,200. It even broke the $9,300 level and settled well above the 100 hourly simple moving average. The recent bullish wave took the price close to the $9,400 level and a new yearly high was formed at $9,392. After trading as high as $9,392, there was a sharp downside correction. It spiked below the $9,100 and $9,000 levels. However, there was a quick reversal and the price settled above $9,000. Moreover, it climbed above $9,200 and recently formed a swing high at $9,255. It is currently correcting lower and tested the $9,150 level. The 23.6% Fib retracement level of the recent rally from the $8,830 low to $9,255 high is also near $9,155. On the downside, there are many supports near the $9,100 and $9,050 levels. The main support is near $9,040 and the 50% Fib retracement level of the recent rally from the $8,830 low to $9,255 high is also near $9,155. If there are more downside, the price could revisit the $9,000 support. Besides, there is a crucial bullish trend line forming with support near $8,780 on the hourly chart of the BTC\/USD pair. On the upside, an initial resistance is near the $9,250 and $9,300 levels. If there is an upside break above $9,300 and a connecting bearish trend line, there could be more upsides. The next key resistances are near $9,400 and $9,500. Looking at the chart, bitcoin price clearly recovered above $9,100 after a sharp downside correction. It is now trading nicely above $9,150 and it is likely to climb further above $9,300, $9,400 and $9,500 in the coming sessions. The main target this week could be $10,000. Technical indicators: Hourly MACD \u2013 The MACD is about to move back in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently well above the 50 level. Major Support Levels \u2013 $9,040 followed by $9,000. Major Resistance Levels \u2013 $9,300, $9,400 and $9,500.<\/p>\n","protected":false},"author":67,"featured_media":344598,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119],"class_list":["post-386361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc"],"acf":[],"yoast_head":"\n<title>Bitcoin (BTC) Price Defies Gravity: Next Bullish Break Could Hit $10K<\/title>\n<meta name=\"description\" content=\"Bitcoin price surged higher above $9,000 and $9,300 against the US Dollar. 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