Bitcoin (BTC / USD) continued to orbit the psychologically important figure 10,000 in today Asian session according to the pair climbing to the 10079 in yesterday’s area Asian session, sound strongest impression since mid-February. Bullish indications In regards to BTC / USD upward movements emerged during Thursday European session when traders kept the pair offer above 9028.89 area, one upward price target relative to buying pressure who is from 3858 region. These indications were then reinforced when the pair remained offer above 9214.67 area, one price reduction target relative to selling pressure who is from 10522.51 in February. Chartists anticipate Stopped are probably in place above the 10079.00 region.
Great stops were elected last week on top of several important levels including the 9362.24, 9214.67, 9082.20, 8763.40, 8405.58, 8162.36, 7832.92, and 7751.67 and traders will closely monitor these levels when they are tested again. Yes BTC / USD is able to resume its upward trajectory, traders will closely monitor rising price targets around 10,316.39 and 10661.23 levels. When BTC / USD withdraws from current price activity, traders will pay close attention to certain other areas of potential technical support, including the 8,324.00, 7967.33, 7610.66, 7423.22, and 7,169.35 levels. The chartists are observe that the MA 50 bars (every 4 hours) continue to indicate above the 100 bars MA (every 4 hours) and 200 bar MA (every 4 hours). Also MA 50 bar (hourly) stubborn moved above the 100 bar MA (every hour)and continues to indicate above the 200 bar MA (every hour).
Pricing activity is closest to MA 50 bars (Every 4 hours) at 9,065.97 and the MA 50 bars (Every hour) at 9590.40.
Technical support is expected around 9362.24 / 9082.20 / 8324.00 with Stopped expected below.
Technical resistance is expected around 10316.39 / 10661.23 / 11341.05 with Stopped expected above.
Sure 4 hours graphic, SlowK East Bullish over SlowD while MACD East Very bullish above MACDAverage.
Sure 60 minutes graphic, SlowK East Bullish over SlowD while MACD East Bearish decline below MACDAverage.