Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    X (Twitter)
    Blockchain Journal
    Home » Technical analysis: the price of Bitcoin came close to $ 10,000

    Technical analysis: the price of Bitcoin came close to $ 10,000

    0
    By BlockchainJournal on June 21, 2019 News, Price Analisys
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The weekly chart shows the most active pressure of buyers over the past six months. Bitcoin's price won back 40% of the cumulative fall during the bear market and could soon overcome the $ 10,000 mark, according to analyst at CoinDesk Markets Omkar Godbul.

    However, given that in the current quarter, Bitcoin growth was more than 130%, a temporary correction cannot be ruled out, he warned. In this case, the optimistic picture will be relevant as long as the quotes are held above $ 7,500.

    So, on the weekly chart there is a strong technical resistance overcoming at $ 9,442 (38.2% Fibonacci), the price forms rising highs. This development is supported by upward 5- and 10-week MAs, and the Chaikin cash flow index is 0.35 – the best figure for buyers in six months.

    CoinDesk Markets Information

    Ahead of the price is technical resistance at $ 9949 and a psychological milestone of $ 10,000. If the week manages to close above this barrier with high trading volumes, the next target will be $ 11 394 (50% Fibonacci).

    Recall late on Thursday the price of the first cryptocurrency overcame the mark of $ 9,500.

    Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.

    << aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

    BlockchainJournal.news

    BlockchainJournal.news

    Bitcoin Fall Featured Telegram
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    Coinbase surpasses $1 billion in U.S. Bitcoin loans using Defi strategy

    October 28, 20252 Mins Read

    $2 Trillion Japanese Giant TIS Launches Innovative Multi-Token Platform on Avalanche

    October 28, 20252 Mins Read

    Hedera (HBAR) Soars on Possible ETF; Bitcoin Remains Solid at $114,500

    October 28, 20252 Mins Read

    Benchmark Doubles Price Target to $78 Dollars Thanks to its AI and Bitcoin Strategy

    October 28, 20252 Mins Read

    Two firms acquire $205 million in Bitcoin despite reported corporate treasury pause

    October 28, 20252 Mins Read

    Metaplanet revolutionizes its treasury: obtains $500 million with Bitcoin-backed credit

    October 28, 20252 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.