Bitcoin Price (BTC) Could Retest Key Support Before Fresh Increase

in #bitcoin • 5 years ago

bitcoin.jpeg

  • Bitcoin price climbed higher recently above the $11,000 resistance level against the US Dollar.
  • The price spiked towards $11,200 and recently corrected lower below $10,800.
  • There is a connecting bullish trend line forming with support near $10,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The price could retest the key $10,000 support level before it could rise again towards $11,000.

Bitcoin price is struggling to continue higher above $10,800 support against the US Dollar. Therefore, BTC price might decline towards $10,000 before it could start a fresh increase.

Read more here: https://bitcoin2day.net/bitcoin-price-btc-could-retest-key-support-before-fresh-increase/

#btc #priceanalysis #priceprediction #trading
5 years ago in #bitcoin by
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