Bitcoin aces the intraday trading session today as it successfully leaps out of the price accumulation around $9.2k, and we are not away from a complete bullish enclosure before the halving if it hits $9.5 resistance anytime soon. The price of BTC is seen skyrocketing after hitting above $9.2k just a few hours back from the press time. The bullish candlestick formation has breached the upper 20-day Bollinger Band after almost a flat movement throughout the day since the beginning.
Moreover, Bitcoin price hit above $9k for the second time in the past 24 hours, and while it has surpassed $9.2k, we believe that this is not a recap of the previous week’s trend.
With Bitcoin clearing $9.5k resistance, we ought to hit a higher oscillation thereafter as the countdown for halving has already begun.
Bitcoin Price Analysis
Technical Indicators
The MACD of Bitcoin is drawing a bullish crossover as the price knocks above $9.2k this time and appears to be an intraday gainer. The RSI of the coin is already in the overbought zone at 75.20, as the trading volume leaps with the current change in the dynamics.