RATE Group | Following Decent $300 Surge – Is Bitcoin Ready To Conquer $10,000 Again, Or Just A Temp …
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Following Decent $300 Surge – Is Bitcoin Ready To Conquer $10,000 Again, Or Just A Temp …

23 Feb Following Decent $300 Surge – Is Bitcoin Ready To Conquer $10,000 Again, Or Just A Temp …

Posted at 16:53h in Bitcoin News by

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Following the huge price dump last Wednesday, we saw Bitcoin trading in the tight range between $9550 and $9750 until a few hours ago, where the primary cryptocurrency had decided to fire some engines towards a critical resistance level.

As of writing these lines, Bitcoin is testing the $9900 – $10,000 resistance. As mentioned in our previous analysis, the $9900 horizontal resistance is also the Golden Fib retracement level (61.8%, lies at $9922). As can be seen on the following daily chart, this resistance is also a retest of the mid-term ascending trend-line (marked yellow).

While Bitcoin is in the middle of another weekend, we need to keep in mind a possible CME Futures gap waiting at $9830. Those gaps usually tend to get filled very quickly.

Total Market Cap: $286 billion

Bitcoin Market Cap: $179.6 billion

BTC Dominance Index: 62.7%

*Data by CoinGecko

Key Levels To Watch & Next Possible Targets

– Support/Resistance levels: As mentioned above, the first level of resistance is the…

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