News: Bitcoin Price Hits $11.5K Target: BTC Up 8%, Dips Well Supported − 稼げる投資系口コミ情報サイト【Trade Center】

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Transcript:

0:00:00 Bitcoin Price Hits $11.5K Target: BTC Up 8%, Dips Well Supported

0:00:07 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.

0:00:13 Bitcoin price rallied more than 8% and climbed towards $11,500 against the US Dollar.

0:00:20 The price traded as high as $11,646 and it is currently correcting gains.

0:00:26 There is a key bullish trend line forming with support near $10,900 on the hourly chart of the BTC/USD pair.

0:00:34 There were solid gains in bitcoin price above $11,000 against the US Dollar.

0:00:40 BTC price is up more than 8%, broke the $11,200 hurdle, and it tested the $11,500 resistance area.

0:00:49 In the past two days, there was a steady rise above $10,500 in bitcoin price above $10,000 against the US Dollar.

0:00:58 The BTC/USD pair settled above the $11,000 resistance and the 100 hourly simple moving average to move into a positive zone.

0:01:07 Moreover, the price broke the $11,200 resistance and tested the $11,500 resistance.

0:01:14 At the outset, the price is consolidating gains near the $11,500 level.

0:01:20 An immediate support is near the $11,500 and $11,450 levels.

0:01:27 Moreover, the 23% Fibonacci retracement level of the recent rally from the $10,841 low to $11,646 high is also near the $11,450 level to act as a strong support.

0:01:42 If there is an extended downside correction, the next support for the bulls could be near the $11,200 level.

0:01:49 Additionally, the 50% Fibonacci retracement level of the recent rally from the $10,841 low to $11,646 high could also provide support near the $11,250 level.

0:02:04 The main support zone is near the $11,000 level, which was a resistance earlier and now it could provide support.

0:02:10 More importantly, there is a key bullish trend line forming with support near $10,900 on the hourly chart of the BTC/USD pair.

0:02:19 Thanks for checking out 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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