{"id":395278,"date":"2019-09-06T06:00:39","date_gmt":"2019-09-06T06:00:39","guid":{"rendered":"https:\/\/wncen.com\/?p=395278"},"modified":"2024-06-11T12:54:17","modified_gmt":"2024-06-11T12:54:17","slug":"bitcoin-price-btc-primed-for-lift-off-above-11k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-btc-primed-for-lift-off-above-11k\/","title":{"rendered":"Bitcoin Price (BTC) Primed For Lift-Off Above $11K"},"content":{"rendered":"<ul>\n<li>Bitcoin price is gaining momentum and it recently traded above $10,700 against the US Dollar.<\/li>\n<li>The price is currently testing the key $10,800 resistance area and it might correct a few points.<\/li>\n<li>There is a new bullish trend line forming with support near $10,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The price remains well bid and it is likely to climb further above the $10,800 and $11,000 resistances.<\/li>\n<\/ul>\n<p><em>Bitcoin price is trading in an uptrend above $10,600 against the US Dollar. BTC surge once there is a successful break above the $10,800 and $11,000 resistances.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>Yesterday, there were <a href=\"https:\/\/wncen.com\/2019\/09\/05\/bitcoin-price-btc-hesitates-but-further-gains-seem-likely\/\" target=\"_blank\" rel=\"noopener noreferrer \">further upsides in BTC<\/a> above the $10,750 resistance area against the US Dollar. The price even broke the $10,800 level and settled above the 100 hourly simple moving average. A new monthly high was formed near $10,893 before the price started a downside correction. There was a break below the $10,750 and $10,600 levels. Moreover, the price spiked below $10,500, but downsides were contained.<\/p>\n<p>A swing low was formed near $10,463 and the price started a fresh increase. It broke the $10,600 resistance to move back into a positive zone. Additionally, there was a break above the 50% Fib retracement level of the last slide from the $10,893 high to $10,463 low. The bulls even pushed the price above a connecting bearish trend line with resistance at $10,560 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>The price is now testing the $10,800 resistance area. Moreover, it seems like the 76.4% Fib retracement level of the last slide from the $10,893 high to $10,463 low is acting as a resistance. If there is an upside break above the $10,800 and $10,880 levels, the <a href=\"https:\/\/wncen.com\/2019\/09\/04\/bitcoin-price-btc-surging-dips-remains-well-supported\/\" target=\"_blank\" rel=\"noopener noreferrer \">price could continue to rise<\/a>. In the mentioned case, the price will most likely break the $11,000 resistance level.<\/p>\n<p>Conversely, if the price fails to break the $10,800 and $10,880 resistance levels, it could correct lower. An immediate support is near the $10,650 level. Additionally, there is a new bullish trend line forming with support near $10,600 on the same chart. Below the trend line, the price could revisit the $10,500 support area in the near term.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Bitcoin-5.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-395279\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Bitcoin-5.png?resize=1828%2C868\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Bitcoin-5.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Bitcoin-5.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Bitcoin-5.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Bitcoin-5.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Bitcoin-5.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Bitcoin-5.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/Bitcoin-5.png?w=1140 1140w\" sizes=\"auto, (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 clearly gaining momentum above $10,700 and it will most likely break the $10,800 and $10,880 resistance levels. Finally, if there is a break above $11,000, the price could test $11,250.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is slowly gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is moving higher towards the 75 level.<\/p>\n<p>Major Support Levels \u2013 $10,600 followed by $10,500.<\/p>\n<p>Major Resistance Levels \u2013 $10,800, $10,880 and $11,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is gaining momentum and it recently traded above $10,700 against the US Dollar. The price is currently testing the key $10,800 resistance area and it might correct a few points. There is a new bullish trend line forming with support near $10,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The price remains well bid and it is likely to climb further above the $10,800 and $11,000 resistances. Bitcoin price is trading in an uptrend above $10,600 against the US Dollar. BTC surge once there is a successful break above the $10,800 and $11,000 resistances. Bitcoin Price Analysis Yesterday, there were further upsides in BTC above the $10,750 resistance area against the US Dollar. The price even broke the $10,800 level and settled above the 100 hourly simple moving average. A new monthly high was formed near $10,893 before the price started a downside correction. There was a break below the $10,750 and $10,600 levels. Moreover, the price spiked below $10,500, but downsides were contained. A swing low was formed near $10,463 and the price started a fresh increase. It broke the $10,600 resistance to move back into a positive zone. Additionally, there was a break above the 50% Fib retracement level of the last slide from the $10,893 high to $10,463 low. The bulls even pushed the price above a connecting bearish trend line with resistance at $10,560 on the hourly chart of the BTC\/USD pair. The price is now testing the $10,800 resistance area. Moreover, it seems like the 76.4% Fib retracement level of the last slide from the $10,893 high to $10,463 low is acting as a resistance. If there is an upside break above the $10,800 and $10,880 levels, the price could continue to rise. In the mentioned case, the price will most likely break the $11,000 resistance level. Conversely, if the price fails to break the $10,800 and $10,880 resistance levels, it could correct lower. An immediate support is near the $10,650 level. Additionally, there is a new bullish trend line forming with support near $10,600 on the same chart. Below the trend line, the price could revisit the $10,500 support area in the near term. Looking at the chart, bitcoin price is clearly gaining momentum above $10,700 and it will most likely break the $10,800 and $10,880 resistance levels. Finally, if there is a break above $11,000, the price could test $11,250. Technical indicators: Hourly MACD \u2013 The MACD is slowly gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is moving higher towards the 75 level. Major Support Levels \u2013 $10,600 followed by $10,500. Major Resistance Levels \u2013 $10,800, $10,880 and $11,000.<\/p>\n","protected":false},"author":67,"featured_media":380889,"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-395278","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 For Lift-Off Above $11K<\/title>\n<meta name=\"description\" content=\"Bitcoin price is trading in an uptrend above $10,600 against the US Dollar. 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