{"id":390254,"date":"2019-07-18T06:00:03","date_gmt":"2019-07-18T06:00:03","guid":{"rendered":"https:\/\/ktsl888.com\/?p=390254"},"modified":"2024-06-11T12:54:29","modified_gmt":"2024-06-11T12:54:29","slug":"bitcoin-price-btc-showing-recovery-signs-but-can-it-break-10k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-btc-showing-recovery-signs-but-can-it-break-10k\/","title":{"rendered":"Bitcoin Price (BTC) Showing Recovery Signs But Can It Break $10K?"},"content":{"rendered":"<ul>\n<li>Bitcoin price declined heavily and traded below the $10,000 and $9,500 levels against the US Dollar.<\/li>\n<li>The price traded close to the $9,100 level and recently started an upside correction.<\/li>\n<li>Yesterday\u2019s highlighted key bearish trend line is still active with resistance near $9,740 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The price is likely to face a strong resistance near the $9,900 and $10,000 resistances in the near term.<\/li>\n<\/ul>\n<p><em>Bitcoin price extended losses towards the $9,100 level against the US Dollar. BTC is currently correcting higher, but the bulls may struggle to clear the $10,000 resistance.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>Yesterday, we saw another strong drop in bitcoin price below the $10,000 support against the US Dollar. The BTC\/USD pair even broke the $9,800 and $9,500 support levels. Similarly, there were losses in <a href=\"https:\/\/ktsl888.com\/2019\/07\/18\/ethereum-price-eth-correcting-losses-225-presents-key-resistance\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum<\/a> and <a href=\"https:\/\/ktsl888.com\/2019\/07\/18\/ripple-price-xrp-signaling-fresh-increase-while-bitcoin-still-below-10k\/\" target=\"_blank\" rel=\"noopener noreferrer \">ripple<\/a> before both found support. BTC traded close to the $9,100 level and recently found support near the $9,115 level. It is currently correcting higher and moved above the $9,400 resistance level.<\/p>\n<p>Moreover, there was a break above the 23.6% Fib retracement level of the last decline from the $11,065 swing high to $9,115 low. However, the price struggled to surpass the $9,800 resistance level. Moreover, yesterday\u2019s highlighted key bearish trend line is still active with resistance near $9,740 on the hourly chart of the BTC\/USD pair. Besides, the price remained well below the 100 hourly simple moving average plus $10,000.<\/p>\n<p>Above the trend line, there is a major hurdle forming near $10.000. The 50% Fib retracement level of the last decline from the $11,065 swing high to $9,115 low is just above the $10,000 mark to act as a major hurdle. The next important resistance is near the $10,300 level, the 100 hourly SMA, and the 61.8% Fib retracement level of the last decline from the $11,065 swing high to $9,115 low.<\/p>\n<p>Therefore, an upside break above the $10,000 and $10,100 resistance levels won\u2019t be easy in the near term. If the price fails to settle above $10,000 and gain momentum above $10,300, then there could be a fresh decrease.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Bitcoin-17.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-390255\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Bitcoin-17.png?resize=1508%2C654\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1508\" height=\"654\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Bitcoin-17.png?w=1508 1508w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Bitcoin-17.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Bitcoin-17.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Bitcoin-17.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Bitcoin-17.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/Bitcoin-17.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 is facing an uphill task near the $9,800 and $10,000 levels. If the bulls continue to struggle, the price might move down below $9,600 and $9,500. The main supports are near $9,200 and $9,100.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is about to move back in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is move above the 50 level, with a positive bias.<\/p>\n<p>Major Support Levels \u2013 $9,500 followed by $9,200.<\/p>\n<p>Major Resistance Levels \u2013 $9,80, $9,900 and $10,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price declined heavily and traded below the $10,000 and $9,500 levels against the US Dollar. The price traded close to the $9,100 level and recently started an upside correction. Yesterday\u2019s highlighted key bearish trend line is still active with resistance near $9,740 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The price is likely to face a strong resistance near the $9,900 and $10,000 resistances in the near term. Bitcoin price extended losses towards the $9,100 level against the US Dollar. BTC is currently correcting higher, but the bulls may struggle to clear the $10,000 resistance. Bitcoin Price Analysis Yesterday, we saw another strong drop in bitcoin price below the $10,000 support against the US Dollar. The BTC\/USD pair even broke the $9,800 and $9,500 support levels. Similarly, there were losses in Ethereum and ripple before both found support. BTC traded close to the $9,100 level and recently found support near the $9,115 level. It is currently correcting higher and moved above the $9,400 resistance level. Moreover, there was a break above the 23.6% Fib retracement level of the last decline from the $11,065 swing high to $9,115 low. However, the price struggled to surpass the $9,800 resistance level. Moreover, yesterday\u2019s highlighted key bearish trend line is still active with resistance near $9,740 on the hourly chart of the BTC\/USD pair. Besides, the price remained well below the 100 hourly simple moving average plus $10,000. Above the trend line, there is a major hurdle forming near $10.000. The 50% Fib retracement level of the last decline from the $11,065 swing high to $9,115 low is just above the $10,000 mark to act as a major hurdle. The next important resistance is near the $10,300 level, the 100 hourly SMA, and the 61.8% Fib retracement level of the last decline from the $11,065 swing high to $9,115 low. Therefore, an upside break above the $10,000 and $10,100 resistance levels won\u2019t be easy in the near term. If the price fails to settle above $10,000 and gain momentum above $10,300, then there could be a fresh decrease. Looking at the chart, bitcoin price is facing an uphill task near the $9,800 and $10,000 levels. If the bulls continue to struggle, the price might move down below $9,600 and $9,500. The main supports are near $9,200 and $9,100. Technical indicators: Hourly MACD \u2013 The MACD is about to move back in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is move above the 50 level, with a positive bias. Major Support Levels \u2013 $9,500 followed by $9,200. Major Resistance Levels \u2013 $9,80, $9,900 and $10,000.<\/p>\n","protected":false},"author":67,"featured_media":344600,"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-390254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc"],"acf":[],"yoast_head":"\n<title>Bitcoin Price (BTC) Showing Recovery Signs But Can It Break $10K?<\/title>\n<meta name=\"description\" content=\"Bitcoin price extended losses towards the $9,100 level against the US Dollar. 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