BTC Price: $10,830
Last 7 Days: 17.13% 1month: 35.10% 12months: 72.32%
Last week saw a strong bull push in Bitcoin above the well-respected $10,000 resistance level, with a further break of $10,500, settling above the 100 hourly simple moving average. With this push a new 2019 high was formed above $11,250 at $11,291. Shortly after this there was a downside correction with a break back down through $11,000 which was acting as a support level.
This correction pushed through a major bullish trend line breaking down passed $10,600 before bulls re-engaged and took control at $10,500 with a swing low forming near $10,520. Immediate resistance can be found at $10,900 however with a push through this $11,200 would be the next level to watch. Main supports are standing at $10,550 and $10,620 with major support sitting at the $9,960 pivot level. It looks like the bulls are still well in control with where the BTC market is going and a push towards $11,250 is likely in the coming days with a target set for $11,600-$12,000.
17th June: $15,562,951,919 (BTC Price of $10,855)
24th June: $20,692,115,213 (BTC Price of $10,830)
32% increase in trading volume in the last 7 days