|

Bitcoin Price Analysis: BTC/USD blasts past coveted $10,000 as $11,000 beckons

  • Bitcoin price majestically extends last week’s triangle breakout above the critical $10,000 level.
  • BTC/USD is primed for gains past $11,000 according to the prevailing technical picture.

Bitcoin price actions over the weekend have been impressive as reported by FXStreet. For the first time since June, the price pierced the $10,000 mark to record new July highs at $10,196. The last seven days of trading have yielded greatly for Bitcoin owing to the fact that bulls overcame several key barriers including $9,600, $9,800 and the grand $10,000.

At the time of writing, Bitcoin is back to trading above $10,000 following a bounce from the opening value of $9,942. The trend is mainly bullish amid expanding volatility. This means that BTC/USD has great potential for more upward movement, currently targeting $11,000.

Bitcoin technical analysis

From a technical perspective, Bitcoin is in the hands of the bulls. The RSI, for instance, is holding above 70. Although already overbought, the indicator is not showing any signs of a reversal. The MACD is also moving higher within the positive territory with a bullish divergence reinforcing the massive influence of the bulls over the price.

Another key bullish indicator is the 50-day SMA extending the gap above the MACD. Gains are likely to continue, in the meantime, stabling support above $10,000 is key for the price action targeting $10,000.

BTC/USD daily chart

BTC/USD price chart

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

More from John Isige
Share:

Editor's Picks

Grass 20% bullish breakout defies broader market weakness

Grass (GRASS) is edging up above $0.30 at the time of writing on Monday. The token’s notable 20% intraday surge stands out amid heightened volatility in the broader crypto market.

XRP slides as US-Iran war weakens sentiment

Ripple remains under pressure, trading around $1.35 at the time of writing on Monday. The remittance token extended its down leg to $1.27 on Saturday after the US, in collaboration with Israel, launched attacks on Iran, killing the nation’s Supreme Leader, Ali Khamenei.

Crypto Today: Bitcoin pares losses, Ethereum and XRP drift lower as Middle East conflict pressures risk assets

Bitcoin, Ethereum and Ripple remain on edge as the Israel-US war on Iran risk-off sentiment. The Crypto King trades above $66,000 at the time of writing on Monday, but is struggling to break through the seller congestion around $67,000.

Bitcoin on brink of breakdown amid US-Iran war

Bitcoin (BTC) remains under pressure near the key support level of $65,700. Trading at $66,400 at the time of writing on Monday, a breakdown below this critical level would suggest a deeper correction ahead.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.