Bitcoin’s Key Resistance Stands at $10,000/each

Bitcoin’s Key Resistance Stands at $10,000/each

Bitcoin’s Key Resistance Stands at $10,000/each

$BTCUSD

After a strong 4 wk Bull Run which has seen the total value of all crypto coins spike 72% to $460-B.

Bitcoin accounts for 36.1% of all coins is headed toward Key resistance at $10,000 and it’s 200-Day MA at $10,015, a closely watched technical gauge of momentum for tech traders.

Bitcoin hit an intra-day high of $9,790.94 Friday.

Currently, Bitcoin is trading at: 9,711.1055,+61.7705, or +0.64%, as of 1:22a BST, the market is closed

$BTCUSD

The #1 cryptocurrency has been ranged within 9,500-10,000 range in recent weeks

Notably, the trend is lower and traders will be very careful in here, and may be selling rather than adding new money.

The others

  1. Ether ETHUSD trading up 2% to $769.05
  2. Bitcoin Cash is up 0.2% at $1,493.40
  3. Litecoin has added 0.7%, trading at $162.27
  4. Ripple’s XRPXRPUSD  is at 89c, up 1.4%.

It was a quiet day for the futures

The May Cboe contract XBTK8, +0.26%finished up 0.4% at $9,705, and the CME May contract BTCK8, +0.16%  closed down 0.1% at $9,670.

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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