{"id":426639,"date":"2020-06-09T03:28:21","date_gmt":"2020-06-09T03:28:21","guid":{"rendered":"https:\/\/wncen.com\/?p=426639"},"modified":"2024-06-11T12:28:48","modified_gmt":"2024-06-11T12:28:48","slug":"bitcoin-btc-could-rally-to-10500","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-could-rally-to-10500\/","title":{"rendered":"Bitcoin Could End Current Consolidating With A Strong Rally To $10,500"},"content":{"rendered":"
Bitcoin is trading in a tight range above the $9,640 support against the US Dollar. BTC price is likely to surge higher if it clears the $9,800 and $9,880 range resistance levels.<\/em><\/p>\n
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Bitcoin is trading in a positive zone above the $9,640 and $9,600 support levels.<\/li>\n
The bulls are likely aiming an upside break above the $9,880 resistance zone.<\/li>\n
There is a key bearish trend line forming with resistance near $9,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
A downside break below the 100 hourly SMA could start a major decline to $9,500 or $9,300.<\/li>\n<\/ul>\n
Bitcoin Price Stuck In A Range<\/h2>\n
After a strong recovery wave, bitcoin price faced a strong resistance near the $9,880 level against the US Dollar. BTC started trading in a range below the $9,880 level and it seems to be preparing for the next major move.<\/p>\n