After revolving around its key resistance level of $9500 for some time, the top digital currency Bitcoin (BTC) has finally managed to enter into the $10,000 zone. After gaining over $500 during the last night, the price value of Bitcoin surged above the psychological level of $10,000 and is currently up 6.07% trading above the $10,100 mark.

Bitcoin price was at around $9700 yesterday evening and suddenly started moving in the upward direction and it went as high as $10,360. Bitcoin price gained +7.10% during this upsurge.  Though bitcoin price has slightly come down from this mark it has managed to hold itself above the $10,100 figure as the below-given BTC-USD chart shows:

trustcapital

Bitcoin Breaks above the historic resistance

Bitcoin Breaks above the historic resistance

After breaking above the key resistance of $9500, Bitcoin was facing a historic resistance ahead in the form of the $10K level. This historical resistance level has been broken as the leading digital coin has managed to pass through the $10,000 barrier.

📰  Bitcoin (BTC) Faces another Rejection at $9,200 Is Bitcoin Topping out?

Bitcoin price is trading in the bullish zone as BTC bulls are strongly holding it there. Although, the value of the token is trading greenish there is likely a chance that Bitcoin may dive down before going up to start a bullish rally as a lot of traders are expecting it to do so. If Bitcoin bulls continue to hold it above $10K, then the price can touch $10,500 in the coming days. If it happens then $10,500 can provide strong support for Bitcoin and may lead it to $11K zone in the near future.

Key Resistance and Support levels for Bitcoin

The followings are the key resistance and support level for Bitcoin:

Resistance Level (R1): 10418.63
Resistance Level (R2): 10668.87
Resistance Level (R3): 11152.33

Support Level (S1): 9684.933
Support Level (S2): 9201.467
Support Level (S3): 8951.233

Bitcoin current Price Value

At the press time, the price value of Bitcoin is trading at $10,126.34 USD with a change rate of 5.99% in 24 hours.

📰  Analyst Lists Threats That Bitcoin Might Witness in 2020

LEAVE A REPLY

Please enter your comment!
Please enter your name here