{"id":386304,"date":"2019-06-16T05:00:57","date_gmt":"2019-06-16T05:00:57","guid":{"rendered":"https:\/\/wncen.com\/?p=386304"},"modified":"2024-06-11T12:49:44","modified_gmt":"2024-06-11T12:49:44","slug":"bitcoin-btc-price-breaks-9k-target-10k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-price-breaks-9k-target-10k\/","title":{"rendered":"Bitcoin (BTC) Price Breaks $9k: Next Possible Target $10K"},"content":{"rendered":"<ul>\n<li>There were sharp gains in bitcoin price above the $8,000 resistance area against the US Dollar.<\/li>\n<li>The price rallied above the $8,500 and $8,800 resistance levels to move into a positive zone.<\/li>\n<li>There is a major bullish trend line forming with support near $8,650 on the 4-hours chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair is currently trading above the $9,000 level and it could continue higher towards the $10,000 level.<\/li>\n<\/ul>\n<p><em>Bitcoin price is gaining bullish momentum above $9,000 against the US Dollar. BTC is likely to accelerate higher and it could even break the $10,000 level in the near term.<\/em><\/p>\n<h2>Bitcoin Price Weekly Analysis (BTC)<\/h2>\n<p>This past week, bitcoin price found a <a href=\"https:\/\/wncen.com\/2019\/06\/15\/bitcoin-btc-price-hits-first-target-can-bulls-hit-8-8k-or-9k\/\" target=\"_blank\" rel=\"noopener noreferrer \">strong support<\/a> near the $7,500 level against the US Dollar. As a result, the BTC\/USD pair started a strong upward move above the $8,000 and $8,500 resistance levels. The price even settled above the $8,500 resistance and the 100 simple moving average (4-hours). Moreover, there was a clear break above the $8,800 resistance area.<\/p>\n<p>Finally, the price spiked above the $9,000 level and it is currently trading with a strong bullish bias. On the downside, an initial support is near the $9,000 level. The <a href=\"https:\/\/wncen.com\/2019\/06\/14\/bitcoin-btc-price-gaining-momentum\/\" target=\"_blank\" rel=\"noopener noreferrer \">next support<\/a> is near the $8,800 and $8,780 levels. It represents the 23.6% Fib retracement level of the last wave from the $8,020 low to $9,027 high. Moreover, there is a major bullish trend line forming with support near $8,650 on the 4-hours chart of the BTC\/USD pair.<\/p>\n<p>If there is a downside break below the trend line, the price could test $8,500. The 50% Fib retracement level of the last wave from the $8,020 low to $9,027 high is also near the $8,520 level. On the upside, an immediate resistance is near the $9,080 and $9,100 levels. If there is an upside break above $9,100, the price could surge further higher in the coming sessions.<\/p>\n<p>The next target for the bulls could be near the $9,500 level. However, there are high chances of more gains and the price might even rally towards the $10,000 level in the near term.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/Bitcoin-14.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-386305\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/Bitcoin-14.png?resize=1828%2C868\" alt=\"Bitcoin Price Weekly Analysis (BTC)\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/Bitcoin-14.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/Bitcoin-14.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/Bitcoin-14.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/Bitcoin-14.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/Bitcoin-14.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/Bitcoin-14.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/06\/Bitcoin-14.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XBTUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, bitcoin price seems to be trading with a strong bullish momentum above $8,500 and $8,800. Therefore, there are high chances of more upsides above the $9,100 and $9,500 levels. On the downside, the $8,800 and $8,500 levels are likely to act as major supports for the bulls.<\/p>\n<h2>Technical indicators<\/h2>\n<p>4 hours MACD \u2013 The MACD for BTC\/USD is gaining momentum in the bullish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently in the overbought zone, with no bearish sign.<\/p>\n<p>Major Support Level \u2013 $8,500<\/p>\n<p>Major Resistance Level \u2013 $9,500<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There were sharp gains in bitcoin price above the $8,000 resistance area against the US Dollar. The price rallied above the $8,500 and $8,800 resistance levels to move into a positive zone. There is a major bullish trend line forming with support near $8,650 on the 4-hours chart of the BTC\/USD pair (data feed from Kraken). The pair is currently trading above the $9,000 level and it could continue higher towards the $10,000 level. Bitcoin price is gaining bullish momentum above $9,000 against the US Dollar. BTC is likely to accelerate higher and it could even break the $10,000 level in the near term. Bitcoin Price Weekly Analysis (BTC) This past week, bitcoin price found a strong support near the $7,500 level against the US Dollar. As a result, the BTC\/USD pair started a strong upward move above the $8,000 and $8,500 resistance levels. The price even settled above the $8,500 resistance and the 100 simple moving average (4-hours). Moreover, there was a clear break above the $8,800 resistance area. Finally, the price spiked above the $9,000 level and it is currently trading with a strong bullish bias. On the downside, an initial support is near the $9,000 level. The next support is near the $8,800 and $8,780 levels. It represents the 23.6% Fib retracement level of the last wave from the $8,020 low to $9,027 high. Moreover, there is a major bullish trend line forming with support near $8,650 on the 4-hours chart of the BTC\/USD pair. If there is a downside break below the trend line, the price could test $8,500. The 50% Fib retracement level of the last wave from the $8,020 low to $9,027 high is also near the $8,520 level. On the upside, an immediate resistance is near the $9,080 and $9,100 levels. If there is an upside break above $9,100, the price could surge further higher in the coming sessions. The next target for the bulls could be near the $9,500 level. However, there are high chances of more gains and the price might even rally towards the $10,000 level in the near term. Looking at the chart, bitcoin price seems to be trading with a strong bullish momentum above $8,500 and $8,800. Therefore, there are high chances of more upsides above the $9,100 and $9,500 levels. On the downside, the $8,800 and $8,500 levels are likely to act as major supports for the bulls. Technical indicators 4 hours MACD \u2013 The MACD for BTC\/USD is gaining momentum in the bullish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently in the overbought zone, with no bearish sign. Major Support Level \u2013 $8,500 Major Resistance Level \u2013 $9,500<\/p>\n","protected":false},"author":67,"featured_media":344595,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119],"class_list":["post-386304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc"],"acf":[],"yoast_head":"\n<title>Bitcoin (BTC) Price Breaks $9k: Next Possible Target $10K<\/title>\n<meta name=\"description\" content=\"Bitcoin price is gaining bullish momentum above $9,000 against the US Dollar. 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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. 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