Bitcoin Price Analysis: BTC Makes Constant Efforts to Top $9500 Stably, Faces Hurdles
- Bitcoin is in an attempt to climb above $9500, though fails to clear resistance
- BTC recently had a close above $9500, but couldn’t remain there and pulled back near $9490
- The coin has recently found support at $9467.95, although it continues to move sluggishly
Bitcoin continues to trade bearishly against U.S.Dollar and is still struggling to step above the price range of $9400. Since the last 3 days, BTC is much below $10,000.
In the last 4 hours, BTC initially surged by 0.85% reaching as high as $9519.23. The coin then pulled back to $9494.67. Later, Bitcoin took a further drop at $9467.95 and here the coin seems to have a support level to strike a rebound.
Bitcoin has gradually corrected up from there and at 09:59:7 UTC, BTC is trading at $9482.41. In the last 4 hours, Bitcoin has increased by 0.45%.
BTC/USD Price Chart
Bitcoin’s current price is 1.62% lower than its 30-day SMA of $9638.67 but is just above its 5-day SMA. The leading crypto coin is trading under prolonged selling pressure at present. You can check Bitcoin prediction by CryptoNewsZ to get detailed information about the predicted prices of the future for the BTC coin.
Bitcoin Price Prediction & Technical Indicators:
MACD for the coin is moderately volatile while it just had a bullish crossover. RSI for Bitcoin is near 50 indicating stability. Additionally, Bitcoin is likely to face resistance at $9,642.88 and support at $9,349.22.