Bitcoin Price Analysis: BTC/USD stalls 10K once again can it have another push later?
- 5th June 2020
- Posted by: Hakeem
- Category: Crypto, FOREX LATEST NEWS DAILY, FOREX MARKET ANALYSIS
- Bitcoin has moved 0.89% higher but has stalled at the 10K hurdle.
- The volume has dropped off dramatically as the price headed toward the psychological level.
BTC/USD 4-hour chart
Bitcoin has once again stalled before the 10K mark. On the last break, the sellers stepped in at 10404.87 and the market fell pretty dramatically. So far this time around the volume is no way near as large as the last time, this is marked by the arrow on the volume indicator.
On the chart, the circles represent the times where 10K has been tested and you can see it has been pretty stubborn and at some points, the market stopped just shy of the psychological level.
Looking at some of the other technicals, the price is still holding above the 55 and 200 moving averages. The MACD indicator’s histogram has moved back into the green and the signal lines are still above the mid-line. The trend is still higher making higher highs and higher lows but the next major hurdle for the bulls is still 10404.87.
|Today last price||9766.77|
|Today Daily Change||99.41|
|Today Daily Change %||1.03|
|Today daily open||9667.36|
|Previous Daily High||9692.3|
|Previous Daily Low||9369.18|
|Previous Weekly High||9614.06|
|Previous Weekly Low||8637.26|
|Previous Monthly High||10074.48|
|Previous Monthly Low||8105.58|
|Daily Fibonacci 38.2%||9568.87|
|Daily Fibonacci 61.8%||9492.61|
|Daily Pivot Point S1||9460.26|
|Daily Pivot Point S2||9253.16|
|Daily Pivot Point S3||9137.14|
|Daily Pivot Point R1||9783.38|
|Daily Pivot Point R2||9899.4|
|Daily Pivot Point R3||10106.5|