News: Bitcoin (BTC) Price Weekly Forecast: Can Bulls Aim $11.5K? − 稼げる投資系口コミ情報サイト【Trade Center】

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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%20%28BTC%29%20Price%20Weekly%20Forecast%3A%20Can%20Bulls%20Aim%20%2411.5K%3F

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Transcript:

0:00:00 Bitcoin (BTC) Price Weekly Forecast: Can Bulls Aim $11.5K?

0:00:06 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.

0:00:12 There was a decent rise in bitcoin price above the $10,500 resistance level against the US Dollar.

0:00:19 The price climbed higher and even broke the key $10,650 and $10,800 resistance levels.

0:00:27 There is a major ascending channel forming with support at $10,700 on the 4-hours chart of the BTC/USD pair.

0:00:35 The pair is climbing higher and it could continue to rise above the $11,000 resistance area.

0:00:41 Bitcoin price is gaining momentum above $10,500 against the US Dollar.

0:00:47 BTC price is likely to extend gains above the $11,000 and $11,200 resistance levels.

0:00:55 In the past few days, there was a steady rise in bitcoin price above the $10,200 resistance against the US Dollar.

0:01:02 The BTC/USD pair climbed higher and gained traction above the $10,500 and $10,800 resistance levels.

0:01:11 There was a sustained close above the $10,200 resistance and the 100 simple moving average.

0:01:18 A swing high was formed near $10,940 and the price is currently correcting lower.

0:01:24 An immediate support is near the $10.750 level.

0:01:29 Moreover, there is a major ascending channel forming with support at $10,700 on the 4-hours chart of the BTC/USD pair.

0:01:37 Below the channel support, the 23.6% Fibonacci retracement level of the last upward move from the $9,125 low to $10,941 high might act as a support.

0:01:50 Additionally, the main support is near the $10.500 level, below which there are chances of an extended decline in the near term.

0:01:59 The next major support is near the $10,200 and $10,000 support levels.

0:02:05 The 50% Fibonacci retracement level of the last upward move from the $9,125 low to $10,941 high is also likely to act as a support.

0:02:17 Moreover, the 100 SMA is also near the $10,050 level, which is likely to act as a strong support.

0:02:24 On the upside, there is a key resistance near the $11,000 level.

0:02:28 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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