{"id":274391,"date":"2020-09-28T16:43:28","date_gmt":"2020-09-28T20:43:28","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=274391"},"modified":"2020-09-28T16:43:28","modified_gmt":"2020-09-28T20:43:28","slug":"bitcoin-price-prediction-btc-usd-approaches-11000-price-moves-above-10900","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-usd-approaches-11000-price-moves-above-10900","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Approaches $11,000; Price Moves Above $10,900"},"content":{"rendered":"

Bitcoin (BTC) Price Prediction \u2013 September 28<\/strong><\/p>\n

The Bitcoin price is in the hands of the buyers as confidence in the bullish market mounts.<\/p>\n

BTC\/USD Long-term Trend: Bullish (Daily Chart)<\/h4>\n

Key levels:<\/p>\n

Resistance Levels: $11,500, $11,700, $11,900<\/p>\n

Support Levels: $10,200, $10,000, $9,800<\/p>\n

\"\"<\/a>
BTCUSD – Daily Chart<\/figcaption><\/figure>\n

BTC\/USD<\/a> is making a surprising move above the 9-day and 21-day moving averages as the coin touches the daily high of $10,956. Looking at the past daily charts, we can clearly see that the current bullish movements started upon breaking the resistance level of $10,828 on September 26, and most importantly, breaking above the moving averages.<\/p>\n

Where is BTC Price Going Next?<\/h4>\n

Bitcoin is currently trading above the 9-day and 21-day moving averages at $10,914 The movement happened in less than one hour after Bitcoin started today\u2019s trading at $10,778 which is an important support level on the daily chart but the bulls managed to maintain the upward movement.<\/p>\n

However, it is important to note that Bitcoin\u2019s inability to post any sustained closes within the $10,900 region shows that it is currently plagued by underlying weakness. This consolidation phase has given rise to a plethora of bearish divergences that may cause the cryptocurrency to see a notable retrace in the days ahead.<\/p>\n

Moreover, the potential resistance levels for the coin are located at $11,500, $11,700, and $112,900 while the critical supports lie at $10,200, $10,000, and $9,800 as the RSI (14) moves above 50-level, suggesting more bullish signals.<\/p>\n

BTC\/USD Medium-Term Trend: Bullish (4H Chart)<\/h4>\n

On the 4-hour chart, BTC\/USD touches a high of $10,956 after the price breaks above the 9-day and 21-day moving averages. However, as the technical indicator RSI (14) moves at 60-level, the upward move may be facing the resistance above the recent high.<\/p>\n

\"\"<\/a>
BTCUSD – 4 Hour Chart<\/figcaption><\/figure>\n

Meanwhile, on the downside, if the market price retraces and breaks below the moving averages within the ascending channel, the coin may further depreciate to the support of $10,650 and below. In other words, if the price retraces and finds another resistance above the channel, the uptrend could resume into the previous highs to hit the resistance at $11,100 and above.<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) Price Prediction \u2013 September 28 The Bitcoin price is in the hands of the buyers as confidence in the bullish market mounts. 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