- Bitcoin is correcting up at present, saw a recent dip at $10,083.07
- BTC price appears at a crucial mode, a price move below $10,000 can invite an extended price fall
- Bitcoin has covered a price range between $10,246.72 to $10,000 over the last 4 hours
- BTC seems to have a support level between $10,050 to $10,085
Bitcoin has recently started to move upwards against U.S.Dollar as it has found support near $10,083.07. Notably, over the last 24 hours, Bitcoin price has been manifesting a positive change and this is going to uplift the major altcoins to a certain level.
BTC was at $10,161.05 at 6:30 UTC, from where it formed two immediate price spikes near $10,238.27 and 10,246.08. Then the price pulled back to $10,185.84. Bitcoin, now, steadily started to move up to trade above $10,246.73 but couldn’t, and returned to the price range above $10,100.
Later, at 10:01 UTC, Bitcoin saw a price drop at $10,083.07 with a price decline of 1.60% from its recent high price point of $10,246.73. BTC price is recovering now and is at $10,131 at 10:30:55 UTC, after tracing a bullish trendline.
BTC/USD Price Chart
Bitcoin’s short term SMA line (10-days) is below its long term SMA line (100-days) indicating bearish momentum, but they are about to have a crossover which can turn on the bullish phase for the coin. According to the Bitcoin price prediction, Bitcoin may see resistance at $10,298.89 and $10,466.71, and, support at $9,897.35 and $9,663.63.
Also, its current price is above its 100-day SMA of $9922.53, with a difference of 2.10%. Despite these positive signs, Bitcoin is trading under selling pressure.
Bitcoin Price Prediction & Technical Indicators:
MACD for BTC/USD is heading for the bearish zone with its MACD line moving below the signal line. RSI for the coin is just below 50, showing no extremities.