|BTC Price: $10,164
Last 7 Days: +0.21% 1month: -13.31% 12months: +61.66%
BTC Technicals:It was feared that $10,000 would prove to be a strong resistance for a while however BTC/USD remained well bid and managed to get through this level with a break through the $10,500 resistance, surpassing the 100 simple moving average and closing at a level just below $11,000. A swing high was formed near $10,949 before the price started a downside correction where we saw a sharp drop below $10,799 and then $10,505 support levels. More importantly there was a break below the 23.6% Fib retracement level of the last wave from the $9,286 low to $10,430 high. Finally we saw a bear push downwards through the $10,400 but stayed above the $10,000 support level. On the upside there is an initial resistance near $10,650 and a break through this could take bulls towards the next resistance of $10,850. If the fight goes through this level then levels above $11,000 would be the next space to watch for. Currently it seems the price is correcting gains but is trading nicely above the $10,200 support level with main support at $10,000 a bearish push below this could see levels of $9,800.
September 2nd: $17,248,102,294 (BTC Price of $10,346)
September 9th: $14,733,500,440 (BTC Price of $10,164)
15% decrease in trading volume in the last 7 days