{"id":391344,"date":"2019-07-27T04:28:45","date_gmt":"2019-07-27T04:28:45","guid":{"rendered":"https:\/\/wncen.com\/?p=391344"},"modified":"2024-06-11T12:54:19","modified_gmt":"2024-06-11T12:54:19","slug":"bitcoin-price-btc-primed-to-climb-further-above-10200","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-btc-primed-to-climb-further-above-10200\/","title":{"rendered":"Bitcoin Price (BTC) Primed To Climb Further Above $10,200"},"content":{"rendered":"<ul>\n<li>Bitcoin price stayed above the $9,600 support level and climbed higher against the US Dollar.<\/li>\n<li>The price broke the $10,000 resistance and it is now testing the key $10,200 resistance.<\/li>\n<li>There was a break above a major contracting triangle with resistance near $9,910 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The price is likely to continue higher once there is a successful close above the $10,200 resistance.<\/li>\n<\/ul>\n<p><em>Bitcoin price is gaining momentum above the $10,000 level against the US Dollar. BTC price could accelerate upsides once it clears the $10,200 resistance area.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>Yesterday, we saw <a href=\"https:\/\/wncen.com\/2019\/07\/26\/bitcoin-price-btc-targets-fresh-weekly-lows\/\" target=\"_blank\" rel=\"noopener noreferrer \">fresh bearish wave<\/a> in bitcoin price from the $10,200 resistance against the US Dollar. The BTC\/USD pair dipped below the $9,800 support level and the 100 hourly simple moving average. Moreover, the price traded below the $9,700 level, but the $9,625 level acted as a support. It seems like the price stayed above $9,600 and a bullish trend line protected declines.<\/p>\n<p>A swing low was formed near $9,627 and the price started a fresh increase. There was a break above the $9,800 and $10,000 resistance levels. Furthermore, the price settled above the $10,000 resistance and the 100 hourly simple moving average. More importantly, there was a break above a major contracting triangle with resistance near $9,910 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>The pair ran into the key $10,200 resistance and it is currently consolidating gains. An immediate support is near the $10,080 level. The 23.6% Fib retracement level of the recent wave from the $9,627 low to $10,212 high is also near the same level. If there are more losses, the price could test the <a href=\"https:\/\/wncen.com\/2019\/07\/25\/bitcoin-price-btc-breaks-key-resistance-but-can-it-continue-higher\/\" target=\"_blank\" rel=\"noopener noreferrer \">$10,000 support level<\/a>. The next support is near the 50% Fib retracement level of the recent wave from the $9,627 low to $10,212 high at $9,920.<\/p>\n<p>On the upside, the $10,200 area is a crucial hurdle. If there is an upside break above $10,200, the price could accelerate higher in the coming sessions. The next important resistance is near the $10,400 level, above which there are chances of more gains towards the $10,800 level.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-27.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-391345\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-27.png?resize=1828%2C868\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-27.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-27.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-27.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-27.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-27.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-27.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/07\/Bitcoin-27.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 is facing a strong resistance near $10,200. If there is another failure near $10,200, the price could form double top and decline heavily. Conversely, a successful close above the $10,200 resistance might start a strong increase towards $10,400 and $10,800.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now well above the 60 level, with positive signs.<\/p>\n<p>Major Support Levels \u2013 $10,080 followed by $10,000.<\/p>\n<p>Major Resistance Levels \u2013 $10,200, $10,400 and $10,800.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price stayed above the $9,600 support level and climbed higher against the US Dollar. The price broke the $10,000 resistance and it is now testing the key $10,200 resistance. There was a break above a major contracting triangle with resistance near $9,910 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The price is likely to continue higher once there is a successful close above the $10,200 resistance. Bitcoin price is gaining momentum above the $10,000 level against the US Dollar. BTC price could accelerate upsides once it clears the $10,200 resistance area. Bitcoin Price Analysis Yesterday, we saw fresh bearish wave in bitcoin price from the $10,200 resistance against the US Dollar. The BTC\/USD pair dipped below the $9,800 support level and the 100 hourly simple moving average. Moreover, the price traded below the $9,700 level, but the $9,625 level acted as a support. It seems like the price stayed above $9,600 and a bullish trend line protected declines. A swing low was formed near $9,627 and the price started a fresh increase. There was a break above the $9,800 and $10,000 resistance levels. Furthermore, the price settled above the $10,000 resistance and the 100 hourly simple moving average. More importantly, there was a break above a major contracting triangle with resistance near $9,910 on the hourly chart of the BTC\/USD pair. The pair ran into the key $10,200 resistance and it is currently consolidating gains. An immediate support is near the $10,080 level. The 23.6% Fib retracement level of the recent wave from the $9,627 low to $10,212 high is also near the same level. If there are more losses, the price could test the $10,000 support level. The next support is near the 50% Fib retracement level of the recent wave from the $9,627 low to $10,212 high at $9,920. On the upside, the $10,200 area is a crucial hurdle. If there is an upside break above $10,200, the price could accelerate higher in the coming sessions. The next important resistance is near the $10,400 level, above which there are chances of more gains towards the $10,800 level. Looking at the chart, bitcoin price is facing a strong resistance near $10,200. If there is another failure near $10,200, the price could form double top and decline heavily. Conversely, a successful close above the $10,200 resistance might start a strong increase towards $10,400 and $10,800. Technical indicators: Hourly MACD \u2013 The MACD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now well above the 60 level, with positive signs. Major Support Levels \u2013 $10,080 followed by $10,000. Major Resistance Levels \u2013 $10,200, $10,400 and $10,800.<\/p>\n","protected":false},"author":67,"featured_media":344599,"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-391344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc"],"acf":[],"yoast_head":"\n<title>Bitcoin Price (BTC) Primed To Climb Further Above $10,200<\/title>\n<meta name=\"description\" content=\"Bitcoin price is gaining momentum above the $10,000 level against the US Dollar. 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