Bitcoin (BTC) Qhia Lub Zog, Ua Tau Zoo Txog Qhov Siab Pab Lub Neej

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Cov Thaj Chaw Tseem Ceeb: $ 10,000, $ 11,000, $ 12,000
Cov Thib Kev Txhawb Nqa: $ 7, 000, $ 6, 000, $ 5,000

BTC / USD Txoj Kev Sib Koom Tes Ntev: Bullish
Bitcoin has risen above the $8,000 price level. As earlier anticipated in the previous analysis, the bulls have successfully broken the resistance at $7,600 and $7,800. The bears have succumbed to the bulls at the resistance levels. Bitcoin is making an upward move to a high of $9.200 and $10,300. Those are the levels the price is likely to stop over if the bullish trend is sustained. Nonetheless, it is likely that the bulls may face some resistance at $9,200.

BTC / USD - Daim Ntawv Qhia Txhua Hnub

Qhia Txog Cov Lus Qhia Txhua Hnub Nyeem:
The 21-day SMA and 50-day SMA are at the point of a bullish crossover. This indicates that Bitcoin is rising. The bulls have broken the downtrend line and if the price closes above it, the downtrend is said to be terminated. The Relative Strength Index Period 14 level70 indicates that Bitcoin is in the bullish trend zone. It indicates that BTC is likely to rise.

BTC / USD Kev tsis ncaj ncees thaum lub sij hawm nruab nrab: Bullish
On the 4 hour chart, the upward move commenced at $6,919 low since January 3. The bullish move has been consistent as the bulls broke the resistance levels. The market has reached a high of $8,300 but it is currently facing some resistance. The upward move will resume if the price retraces from the current price level.

BTC / USD - 4 Teev Sijhawm

4-teev Daim Ntawv Qhia Qhia Kev Nyeem
Bitcoin is trading at the overbought region of the daily stochastic. The price is hovering above the 80% range. This indicates that the bullish momentum has been unsteady. On January 5, the moving averages had a bullish crossover as the 21-day SMA crosses above the 50-day SMA. This indicates that Bitcoin is rising.

General Outlook rau Bitcoin (BTC)
Bitcoin is back to the bullish trend zone as the coin targets the $10,000 mark. The bulls will reach the $9,200 price level which may cause some resistance and delay. Meanwhile, the breaking of the downtrend line is a positive move, as it ends the selling pressure. When the candlestick closes above the downtrend line, it intends to move upward except when there is overwhelming selling pressure.

BTC Kev Teeb Npe Kev Lag Luam
Ntsuas: BTC / USD
Txim: Yuav
Tus nqi nkag: $ 8,300
Nres: $ 7,800
Lub Hom Phiaj: $ 9,200

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