Bitcoin Heading Towards $10,000:
Price Analysis
Bitcoin seems to be on the quest to touch $10,000. It is currently trading at $8724.35. Price is trading near the resistance of $8982.48. Bitcoin is moving way above the trend line. The trend is extremely bullish. The trend seems to have the momentum to reach $10,000. Trading volume is lower than average. Globalxchange.
RSI is on the edge of the overbought zone. RSI is at the value 72.3. Stochastic is moving in the overbought zone. Price is moving above the trend line. Ichimoku cloud is indicating a bullish trend in the market. Global exchange. Conversion Line is moving flat and above the baseline. MACD is also showing momentum in the trend.
Strategy
Globalxchange. Bitcoin can touch the target of $10,000 if price crosses resistance of $8982.48. If the price goes south then the price level of around $6500 can be seen. We will see a small correction before crossing the resistance.
RSI is also in a strong upside trend. To take the trading position wait for the price to cross-resistance. Chances are soon we will see another breakout in the upside direction. Next target for Bitcoin will be $10,000. Globalexchange.
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