06
Feb, 2020

Bitcoin : Time for $ 10,000 ?

During the past week, Bitcoin’s price reaches levels over $ 9,000, establishing a strong start for 2020, with positive signs for $ 9,600 and $ 9,500.

 

The price reached a high $ 9,750 and since then it followed a corrective turn downwards. The current trend shows that the price could surpass $ 10,000 or even $ 10,200.

 

The resistance was found in $ 9,600 and when it was reached, it corrected immediately towards $ 9,400 and $ 9,300. There are resistances in $ 9,500, where the trading was stabilized.

 

It is important to say that, from the technical analysis viewpoint, the MACD index enters bullish zone while the RSI index has valued over 55, another bullish sign.