RATE Group | Bitcoin Price (BTC) Primed To Climb Further Above $10,200
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Bitcoin Price (BTC) Primed To Climb Further Above $10,200

27 Jul Bitcoin Price (BTC) Primed To Climb Further Above $10,200

Posted at 05:15h in Bitcoin News by

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  • Bitcoin price stayed above the $9,600 support level and climbed higher against the US Dollar.
  • The price broke the $10,000 resistance and it is now testing the key $10,200 resistance.
  • There was a break above a major contracting triangle with resistance near $9,910 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The price is likely to continue higher once there is a successful close above the $10,200 resistance.

Bitcoin price is gaining momentum above the $10,000 level against the US Dollar. BTC price could accelerate upsides once it clears the $10,200 resistance area.

Bitcoin Price Analysis

Yesterday, we saw fresh bearish wave in bitcoin price from the $10,200 resistance against the US Dollar. The BTC/USD pair dipped below the $9,800 support level and the 100 hourly simple moving average. Moreover, the price traded below the $9,700 level, but the $9,625 level acted as a support. It seems like the price stayed above $9,600 and a bullish trend line protected declines.

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