- 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.
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.