Bitcoin Price Forecast: BTC/USD bulls stay in control for the second straight day as price makes a charge towards $9,250
|- BTC/USD buyers have remained in control for the second straight day.
- The Elliott Oscillator has had two consecutive green sessions.
BTC/USD daily chart
BTC/USD bulls have remained in charge for the second straight day as the price went up from $9,237 to $9,245 in the early hours of Thursday. The Elliott Oscillator has had two consecutive green sessions, which shows that the current market sentiment is bullish. Finally, the RSI has been trending around the neutral zone, meaning that the price has more upside potential.
Support and Resistance
BTC/USD bulls will need to conquer resistance at $9,295.65, $9,335.30 (SMA 20), $9,431.75 (SMA 50) and $9,475.25. On the downside, good support levels lie at $9,135 and $9,006.80 (lower curve of the 20-day Bollinger Band).
Key levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.