{"id":427626,"date":"2020-06-17T03:58:04","date_gmt":"2020-06-17T03:58:04","guid":{"rendered":"https:\/\/wncen.com\/?p=427626"},"modified":"2024-06-11T09:29:54","modified_gmt":"2024-06-11T09:29:54","slug":"bitcoin-btc-breakout-setup-with-resistance-at-10000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-breakout-setup-with-resistance-at-10000\/","title":{"rendered":"Bitcoin Daily Chart Points A Crucial Breakout Setup With Resistance At $10,000"},"content":{"rendered":"
Bitcoin is trading well above key supports on the daily chart against the US Dollar. BTC seems to be preparing for a crucial bullish breakout above the $10,000 resistance zone.<\/em><\/p>\n
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Bitcoin traded as high as $10,390 before it started a minor downside correction.<\/li>\n
The price is currently trading well above the $9,000 support and the 100-day simple moving average.<\/li>\n
There is a crucial contracting triangle forming with resistance near $9,750 on the daily chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair must break the $9,750 and $10,000 resistance levels to start another increase.<\/li>\n<\/ul>\n
Bitcoin Could Surge Again<\/h2>\n
Earlier this month, bitcoin price extended its rise above the $10,000 level against the US Dollar. BTC price traded to a new 3-month high at $10,390 and settled well above the 100-day simple moving average.<\/p>\n