RATE Group | Bitcoin Price Climbs to $9,500 After Third Higher High in One Week
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Bitcoin Price Climbs to $9,500 After Third Higher High in One Week

30 Jan Bitcoin Price Climbs to $9,500 After Third Higher High in One Week

Posted at 21:18h in Bitcoin News by

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For the second time this week, Bitcoin (BTC) bulls have protested against any attempts to push the digital asset below the $9K mark. Earlier today, the price dropped slightly below $9,200 but the pullback stopped right at the Jan. 19 high at $9,198 before reversing to surge higher on a high volume spike.

Bitcoin daily price chart. Source: Coin360

Bitcoin daily price chart. Source: Coin360

The move to $9,530 set a daily higher high for the third time this week and traders will note that purchasing volume is also rising higher each day which are all signs that the asset is in a strong bullish trend.

BTC USDT 6-hour chart. Source: TradingView​​​​​​​

BTC USDT 6-hour chart. Source: TradingView

On the shorter time frame, one can see that the pullback to $9,194 led the price to touch the $9,190 support where the price had bounced twice before further continuation to $9,530 occurred.

BTC USDT 1-hour chart. Source: TradingView​​​​​​​

BTC USDT 1-hour chart. Source: TradingView

The relative strength index (RSI) has popped into overbought territory on the 4-hour and daily timeframe and there is also a tweezer top on the 1-hour chart. This…

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