{"id":428094,"date":"2020-06-22T03:58:24","date_gmt":"2020-06-22T03:58:24","guid":{"rendered":"https:\/\/ktsl888.com\/?p=428094"},"modified":"2024-06-11T08:58:28","modified_gmt":"2024-06-11T08:58:28","slug":"bitcoin-price-could-surge-9500","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-could-surge-9500\/","title":{"rendered":"3 Key Reasons Why Bitcoin Price Could Surge Above $9,500"},"content":{"rendered":"
Bitcoin is trading nicely above the $9,300 and $9,220 support levels against the US Dollar. BTC is likely to continue higher towards $9,500 and $9,800 as long as it is above $9,220.<\/em><\/p>\n
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Bitcoin is forming a strong support base above the $9,220 support zone.<\/li>\n
The price is currently trading above the $9,300 level and the 100 hourly simple moving average.<\/li>\n
There was a break above a key bearish trend line with resistance near $9,370 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could continue to grind higher considering the current technical formation above $9,300.<\/li>\n<\/ul>\n
Bitcoin Price is Likely To Rise To $9,500<\/h2>\n
In the past 2-3 days, bitcoin price remained stable above the $9,200 and $9,220 support levels against the US Dollar. BTC seems to be forming a strong support base above the $9,220 support zone.<\/p>\n