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{"id":426279,"date":"2020-06-05T03:58:56","date_gmt":"2020-06-05T03:58:56","guid":{"rendered":"https:\/\/ktsl888.com\/?p=426279"},"modified":"2024-06-11T14:03:38","modified_gmt":"2024-06-11T14:03:38","slug":"bitcoin-could-soon-explode-above-10000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-could-soon-explode-above-10000\/","title":{"rendered":"These Factors Show Bitcoin Could Soon Explode Above $10,000"},"content":{"rendered":"

Bitcoin is recovering and showing positive signs above the $9,700 level against the US Dollar. BTC price is likely to accelerate higher above $10,000 as long as it is above the 100 hourly SMA.<\/em><\/p>\n

\n
Bitcoin is correcting higher and it recently cleared the $9,740 resistance zone.<\/li>\n
The price even broke the $9,800 level and it traded as high as $9,884.<\/li>\n
There is a bullish continuation pattern forming with resistance near $9,850 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could surge above $9,880 and $9,950 as long as it is above the $9,680 support.<\/li>\n<\/ul>\n
Bitcoin Price Could Rally Again<\/h2>\n
After forming a decent support base above $9,400, bitcoin price started a fresh increase<\/a> against the US Dollar. BTC broke traded above the $9,600 and $9,740 resistance levels to move into a positive zone.<\/p>\n
It even settled above the $9,700 level and the 100 hourly simple moving average. Moreover, there was a break above a key bearish trend line at $9,690 on the hourly chart<\/a> of the BTC\/USD pair.<\/p>\n
$\"Bitcoin$ <\/a>
Bitcoin Price<\/figcaption><\/figure>\n
It opened the doors for more gains and the price traded as high as $9,884. Bitcoin is currently consolidating gains and trading near the $9,800 level. It tested the 23.6% Fib retracement level of the recent wave from the $9,469 low to $9,884 high.<\/p>\n
There is also a bullish continuation pattern forming with resistance near $9,850 on the same chart. If there is an upside break above the triangle resistance, the price could accelerate above the $9,900 and $9,950 levels.<\/p>\n
The first major resistance is near the $10,000 level, above which there are chances of more upsides towards the $10,400 and $10,500 resistance levels in the near term.<\/p>\n
Fresh Decline in BTC?<\/h2>\n
On the downside, the first key support is near the triangle trend line at $9,780. If bitcoin price fails to break higher, it could correct lower below $9,780. The next major support is seen near the $9,680 level and the 100 hourly simple moving average<\/a>.<\/p>\n
The 50% Fib retracement level of the recent wave from the $9,469 low to $9,884 high is also near $9,677. Any further losses may perhaps negate the current bullish view and the price could dive towards the $9,400 support zone.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is struggling to gain bullish momentum in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now moving nicely above the 50 level.<\/p>\n
Major Support Levels \u2013 $9,780 followed by $9,680.<\/p>\n
Major Resistance Levels \u2013 $9,880, $9,950 and $10,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin is recovering and showing positive signs above the $9,700 level against the US Dollar. BTC price is likely to accelerate higher above $10,000 as long as it is above the 100 hourly SMA. Bitcoin is correcting higher and it recently cleared the $9,740 resistance zone. The price even broke the $9,800 level and it traded as high as $9,884. There is a bullish continuation pattern forming with resistance near $9,850 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could surge above $9,880 and $9,950 as long as it is above the $9,680 support. Bitcoin Price Could Rally Again After forming a decent support base above $9,400, bitcoin price started a fresh increase against the US Dollar. BTC broke traded above the $9,600 and $9,740 resistance levels to move into a positive zone. It even settled above the $9,700 level and the 100 hourly simple moving average. Moreover, there was a break above a key bearish trend line at $9,690 on the hourly chart of the BTC\/USD pair. It opened the doors for more gains and the price traded as high as $9,884. Bitcoin is currently consolidating gains and trading near the $9,800 level. It tested the 23.6% Fib retracement level of the recent wave from the $9,469 low to $9,884 high. There is also a bullish continuation pattern forming with resistance near $9,850 on the same chart. If there is an upside break above the triangle resistance, the price could accelerate above the $9,900 and $9,950 levels. The first major resistance is near the $10,000 level, above which there are chances of more upsides towards the $10,400 and $10,500 resistance levels in the near term. Fresh Decline in BTC? On the downside, the first key support is near the triangle trend line at $9,780. If bitcoin price fails to break higher, it could correct lower below $9,780. The next major support is seen near the $9,680 level and the 100 hourly simple moving average. The 50% Fib retracement level of the recent wave from the $9,469 low to $9,884 high is also near $9,677. Any further losses may perhaps negate the current bullish view and the price could dive towards the $9,400 support zone. Technical indicators: Hourly MACD \u2013 The MACD is struggling to gain bullish momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now moving nicely above the 50 level. Major Support Levels \u2013 $9,780 followed by $9,680. Major Resistance Levels \u2013 $9,880, $9,950 and $10,000.<\/p>\n","protected":false},"author":67,"featured_media":426281,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,4],"tags":[428,1144,78790,76835],"class_list":["post-426279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-analysis","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\nThese Factors Show Bitcoin Could Soon Explode Above $10,000<\/title>\n<meta name=\"description\" content=\"Bitcoin is recovering and showing positive signs above the $9,700 level against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/ktsl888.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"These Factors Show Bitcoin Could Soon Explode Above $10,000","url":"http:\/\/ktsl888.com\/news\/bitcoin-could-soon-explode-above-10000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-could-soon-explode-above-10000\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/shutterstock_416793643.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/shutterstock_416793643.jpg?fit=1000%2C667"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btcusd","btcusdt","xbtusd"],"dateCreated":"2020-06-05T03:58:56Z","datePublished":"2020-06-05T03:58:56Z","dateModified":"2024-06-11T14:03:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"These Factors Show Bitcoin Could Soon Explode Above $10,000\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-could-soon-explode-above-10000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-could-soon-explode-above-10000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/shutterstock_416793643.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/shutterstock_416793643.jpg?fit=1000%2C667\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2020-06-05T03:58:56Z\",\"datePublished\":\"2020-06-05T03:58:56Z\",\"dateModified\":\"2024-06-11T14:03:38Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/shutterstock_416793643.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/426279"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=426279"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/426279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/426281"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=426279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=426279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=426279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}