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News: Bitcoin Price (BTC/USD) Correcting Gains, Dips Remain Supported

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For the most complete data on all crypto currencies check: https://coincheckup.com | The crypto research platform.

Full credits for this video to NewsBTC who listed the info in this video on an article on their website:
https://www.newsbtc.com/?s=Bitcoin%20Price%20%28BTC%2FUSD%29%20Correcting%20Gains%2C%20Dips%20Remain%20Supported

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Crypto tags:

#BitcoinNews #CryptoNews

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Transcript:

0:00:00 Bitcoin Price (BTC/USD) Correcting Gains, Dips Remain Supported

0:00:05 This update is brought to you by "CoinCheckup News Updates" and was originally published on "NewsBTC".

0:00:11 Bitcoin price climbed higher recently and broke the $10,000 resistance area against the US Dollar.

0:00:18 The price retested the $10,200 resistance area and it is currently correcting lower.

0:00:24 There was a break below a short term ascending channel with support near $10,020 on the hourly chart of the BTC/USD pair.

0:00:32 The price is currently correcting lower, but dips remain supported near the $9,850 and $9,800 levels.

0:00:41 Recently, there was a nice upward move in bitcoin price above $10,000 against the US Dollar.

0:00:47 BTC price retested the main $10,200 resistance level and it is currently correcting gains.

0:00:54 Yesterday, we discussed the chances of more upsides in bitcoin price above $10,000 against the US Dollar.

0:01:01 The BTC/USD pair did gain momentum above the $9,800 resistance and the 100 hourly simple moving average.

0:01:09 Moreover, the pair broke the $10,000 resistance level and revisited the $10,200 resistance.

0:01:16 A swing high was formed near $10,182 and the price is currently correcting lower.

0:01:23 It traded below $10,100 plus the 23% Fibonacci retracement level of the recent rise from the $9,645 low to $10,182 high.

0:01:35 Moreover, there was a break below a short term ascending channel with support near $10,020 on the hourly chart of the BTC/USD pair.

0:01:44 The pair is now trading near the $10,000 level, with an immediate support near the $9,940 level.

0:01:51 Additionally, the next key support is near $9,910 plus the 50% Fibonacci retracement level of the recent rise from the $9,645 low to $10,182 high.

0:02:05 The main support is near the $9,850 level.

0:02:09 If there is a downside break below the $9,850 support, the price could revisit the $9,650 level.

0:02:18 The 100 hourly SMA is also waiting near the $9,640 level.

0:02:24 Any further losses might push the price towards the $9,300 zone.

0:02:29 It represents the 1.236 Fibonacci extension level of the recent rise from the $9,645 low to $10,182 high.

0:02:40 Thanks for checking this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: "NewsBTC", who originally published this news update on their website.


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