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The Bitcoin price was able to break the $9,300 resistance as mentioned last week, and started a bullish trend that reached $10,190. It is the first time since end of May that the BTC price goes above $10,000.submitted by Coinviva to Bitcoin [link] [comments]
Coinviva BTC-USD Hourly Chart
Based on the movement in the past few days, the support has been raised to $9,500. In order to carry on the bullish trend, the BTC price needs to continue trading above the middle Keltner band, currently at $9,800. The short term profit target is at $10,500. It would require a lot of buying power to break above the next resistance, which is $11,000.
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.
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