Bitcoin News Today – Headlines for March 6
发布时间：2020-03-06 09:15:48 发布人：TokenString
Bitcoin News Today – Bitcoin (BTC) is gradually gaining bullish traction over the $8,800 mark against the US dollar. The price of the digital currency needs to break over the $9k level to start a convincing rally towards the $9,500 mark.
Bitcoin (BTC) Eyes the $9,000 Mark
BTC seems to be forming a decent base over the $8,670 and $8,700 marks against the US dollar. The price of the digital currency is currently surging higher and it just broke over a few major resistances close to the $8,800 mark. Bitcoin even settled over the $8,800 mark and the 100 hourly simple moving average. Nevertheless, the bulls are still struggling to amass traction over the $8,960 and $9k hurdle points.
During the upswing, Bitcoin formed a high close to $8,957 and it corrected lower a bit. Bitcoin (BTC) is testing the 23.6 percent Fibonacci retracement level of the previous swing from the low of $8,676 to the high of $8,957.
Bitcoin (BTC) Price Today – BTC / USD
#
Name
Price
24H %
1
Bitcoin(BTC)
$9,017.48
1.63%
On the downside, the immediate support for the coin is close to the $8,840 mark. Below that level, the next major support is close to the $8,800 zone and the 50 percent Fibonacci retracement level of the previous swing from the low of $8,676 to the high of $8,957. More importantly, there is a formation of a major bullish trendline with support close to the $8,780 on the one-hour chart of the BTC/USD trading pair.
On the upside, there are several major resistances close to the $8,960 and $9k marks. A successful break over the $9k hurdle point could see the return of the bulls with full force. Over that level, the next major barrier is close to the $9,090 mark, above which the price of the digital currency is likely to surge towards the $9,500 mark.
Bitcoin Needs to Remain over $8,800 to Prevent Short-Term Dips
The $8,800 marks and the trend line support are very important buy areas. If the bulls fail to hold gains over the trend line, it could correct lower towards the $8,700 support level and the 100 hourly simple moving average. If Bitcoin (BTC) breaks below the $8,680 support mark and the 100 hourly simple moving average, the bears are likely to push the price of the digital currency towards the $8,500 support marks.
At the time of writing, the major support levels of Bitcoin (BTC) are $8,800 and $8,700. Whereas, the major hurdles on the upside are $8,960, $9,000, and $9,090. However, Bitcoin is more likely to surge higher than to break lower in the near term.
Bitcoin News Today – Bitcoin (BTC) is gradually gaining bullish traction over the $8,800 mark against the US dollar. The price of the digital currency needs to break over the $9k level to start a convincing rally towards the $9,500 mark.
Bitcoin (BTC) Eyes the $9,000 Mark
BTC seems to be forming a decent base over the $8,670 and $8,700 marks against the US dollar. The price of the digital currency is currently surging higher and it just broke over a few major resistances close to the $8,800 mark. Bitcoin even settled over the $8,800 mark and the 100 hourly simple moving average. Nevertheless, the bulls are still struggling to amass traction over the $8,960 and $9k hurdle points.
During the upswing, Bitcoin formed a high close to $8,957 and it corrected lower a bit. Bitcoin (BTC) is testing the 23.6 percent Fibonacci retracement level of the previous swing from the low of $8,676 to the high of $8,957.
Bitcoin (BTC) Price Today – BTC / USD
| # | Name | Price | 24H % |
|---|---|---|---|
| 1 |
|
$9,017.48 |
1.63%
|
On the downside, the immediate support for the coin is close to the $8,840 mark. Below that level, the next major support is close to the $8,800 zone and the 50 percent Fibonacci retracement level of the previous swing from the low of $8,676 to the high of $8,957. More importantly, there is a formation of a major bullish trendline with support close to the $8,780 on the one-hour chart of the BTC/USD trading pair.
On the upside, there are several major resistances close to the $8,960 and $9k marks. A successful break over the $9k hurdle point could see the return of the bulls with full force. Over that level, the next major barrier is close to the $9,090 mark, above which the price of the digital currency is likely to surge towards the $9,500 mark.
Bitcoin Needs to Remain over $8,800 to Prevent Short-Term Dips
The $8,800 marks and the trend line support are very important buy areas. If the bulls fail to hold gains over the trend line, it could correct lower towards the $8,700 support level and the 100 hourly simple moving average. If Bitcoin (BTC) breaks below the $8,680 support mark and the 100 hourly simple moving average, the bears are likely to push the price of the digital currency towards the $8,500 support marks.
At the time of writing, the major support levels of Bitcoin (BTC) are $8,800 and $8,700. Whereas, the major hurdles on the upside are $8,960, $9,000, and $9,090. However, Bitcoin is more likely to surge higher than to break lower in the near term.
