Bitcoin Is Facing Stiff Resistance On Road to $10K || Bitcoin
Bitcoin is solidly bid on Tues and will take a look at the $10,000 mark within the next few days, chart analysis suggests.
Following a pointy value spike simply when time of day (UTC), the cryptocurrency rose to $9,308 on Bitfinex - the best level since March fourteen. At time of writing, BTC was commercialism at $9,291, up 4.2 % over the last two4 hours.
As recommended by the convincing move higher than the semipermanent down trend line and optimistic daily relative strength index, the bulls look to be firmly up to the mark.
However, on the thanks to $10,000, stiff resistance lies in wait around $9,280 and $9,800, as seen on the chart below.
Currently, BTC is commercially terribly near the resistance at $9,278 (23.6 % Fibonacci retracement of the drop from the Dec. seventeen high in Feb. 6 low). Further, $9,280 marks the neck of the pessimistic double-top pattern seen within the half-moon.
A notch higher, the 200-day moving average hurdle is lined up $9,808, whereas the March twelve high and January twenty three low of $9,900 may additionally persuade be obstacles to the bulls.
Elsewhere, each the 60-minute and 4-hour relative strength indexes (RSIs) Show overbought conditions, therefore associate degree argument may be created that a rally to $10,000 will not be sleek sailing.
However, an optimistic continuation pattern is seen on the 4-hour chart below, indicating scope for a rally to $10,250.
FOLLOW, UPVOTE & RESTEEM @azhar2
Source: https://www.coindesk.com/bitcoin-faces-stiff-resistance-on-road-to-10k/
Copying/Pasting full or partial texts without adding anything original is frowned upon by the community. Repeated copy/paste posts could be considered spam.
Spam is discouraged by the community, and may result in action from the cheetah bot.
More information and tips on sharing content.
If you believe this comment is in error, please contact us in #disputes on Discord
Really good content
You just received a 4.44% upvote from @honestbot, courtesy of @azhar2!
@youtake pulls you up ! This vote was sent to you by @azhar2!
You got a 7.69% upvote from @proffit courtesy of @azhar2!
Send at least 0.01 SBD/STEEM to get upvote , Send 1 SBD/STEEM to get upvote + resteem
In the fight of Humans vs Bots, @megabot defended you with 8.26% upvote courtesy of @azhar2!
Support @Megabot by delegating SP to the bot and get a part of 98% of @Megabot's profit.
Direct delegation links : 10 SP || 50 SP || 100 SP || 500 SP || 1000 SP || Any other amount of SP
Join our discord group here.
Thank You !
You got a 17.09% upvote from @peace-bot courtesy of @azhar2!
Help spread the peace. Want to promote your posts too? Send a minimum of .02 SBD or STEEM to @peace-bot with link in the memo for an upvote on your post. You can also delegate to the bot for daily passive earnings. If you would like to delegate to the Peace Bot you can do so by clicking on the following links:
50SP 100SP 250SP 500SP 1000SP 5000SP
Learn more!
You got a 5.60% upvote from @moneymatchgaming courtesy of @azhar2! Please consider upvoting this post to help support the MMG Competitive Gaming Community.
This post has received a 0.75% upvote from
thanks to: @azhar2.
For more information, click here!!!!
Try the new Minnowhelper Bots for more information here
Help support @minnowhelper and the bot tracker by voting for @yabapmatt for Steem witness! To vote, click the button below or go to https://steemit.com/~witnesses and find @yabapmatt in the list and click the upvote icon. Thank you.
Voting for @yabapmatt