Bitcoin Price Analysis: BTC/USD Price Broke Out at $11,300 Level, Heading Towards $12,900

2019-6-26 11:20

Coinspeaker
Bitcoin Price Analysis: BTC/USD Price Broke Out at $11,300 Level, Heading Towards $12,900

Key Highlights:Bitcoin price broke out at $11,300 heading towards $12,900;BTC may pull back at $12,900 level;the Bulls dominated the Bitcoin market.BTC/USD Medium-term Trend: Ranging

Resistance levels: $12,900, $13,400, $14,000
Support levels: $12,200, $11,600, $11,300Bitcoin price is under a strong bullish trend on the medium-term outlook. The Bulls are fully in control of the Bitcoin market. The momentum of the Bulls is propelling the price higher to the new level every day as it was predicted by the cryptocurrency analyst that BTC price may reach $15,000 before the end of June.

Several barriers have been broken by the coin such as $10,000, $11,300, $12,200 levels. Today, on the 4- hour chart, the Bitcoin price touched the resistance level of $12,700 level and pulled back.

The distance between the Bitcoin price and the two EMAs is increasing which is an indication of strong bullish momentum. The Bitcoin is trading above the 21 periods EMA and 50 periods EMA; this indicates a strong bullish trend. Nevertheless, the Stochastic Oscillator period 14 is above $75 and the signal lines bending down to indicate sell signal.

After the pullback, the Bulls may push up the coin to penetrate the $12,900 level and target $13,400 provided the resistance level of $12,900 does not hold. In case the just mentioned level holds, the price may begin consolidation.

BTC/USD Short-term Trend: Bullish

BTC/USD is Bullish on the short-term outlook. The Bullish momentum is not yet exhausted but rather increased. The $11,600 and $12, 200 resistance level has been penetrated up side by the Bulls pressure and Bitcoin price is currently approaching the resistance level of $12,900. However, the Stochastic Oscillator period 14 is above 80 levels (overbought level) and the signal lines bending down to indicate sell signal which may be a price retracement.

Bitcoin Price Analysis: BTC/USD Price Broke Out at $11,300 Level, Heading Towards $12,900

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Level Up Coin (LUC) на Currencies.ru

$ 0 (+0.68%)
Объем 24H $0
Изменеия 24h: 1.94 %, 7d: 12.29 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.000126 (-100%)

price level bitcoin 900 heading towards btc

price level → Результатов: 126


FTX Token Price Analysis & Prediction (Jan 24th) – FTT Bounces Back Above $2 After a Correction, Can it Hold That Level?

After a long crash, FTT found a local bottom earlier this month and recovered to $3 last week. The price dropped and rebounded but has failed to retake the previous price level. The FUD surrounding the FTX token is still very high considering the collapse and most importantly the fraud charge against the former founder […]

2023-1-24 10:35


Фото:

Ethereum to See “Price Discovery” in 2021; Analyst Targets $750

Ethereum has seen some slight momentum over the past 24-hours that has pushed its price towards $380 This is a critical level that has historically sparked both uptrends and downtrends Whether or not this level is broken above in the near-term will provide serious insights into the crypto’s outlook One analyst is noting that its mid-term market structure is incredibly bullish, and that it is likely to lead it into “price discovery” in 2021 As […]

2020-10-18 22:00