Bitcoin Price Analysis – BTC/USD probably see more $10,000

6 May 2018

Key points

• At the moment, BTC is trading in a positive trend, the slope is much higher than the level at $9500.
  Based on the four-hour graph of the BTC/USD (data from Bitstamp), a bullish trend is formed with support at $9600.
  The trend is positive, and there is every chance that the pair will confidently break through $10000.
  

The price of bitcoin is gaining volume at a price above $9500. Expect acceleration above the level of $10,000, and further $10500 in the near future.

During the last week, the price of bitcoin traded in a bullish trend, confidently withstanding the support level of 9000. The price moved within the trend slowly and fairly freely passed resistance levels at 9250, 9500 and 9700. Ultimately, bitcoin traded near the level of 10,000 and was 9960. Bulls failed to achieve a breakdown of the level of 10,000, but the dynamics are still positive.
Looking at the chart, it seems like the price could accelerate gains above the $10,000 level. Above this last, the next stop for buyers could be $10,800 and $11,000 in the near term. There is an intersection of the MACD signal line, however, the indicator itself is strongly in the bullish zone. StochRSI is on the oversold border at level 20.