• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
bitcoin price crypto surge 9500

Bitcoin Price Just Surged Past $9,500 as Traders Predict a Supercharged Rally

Tony Spilotro by Tony Spilotro
3 years ago
in Bitcoin, Cryptocurrency news
Reading Time: 2 mins read
Advertisement

Bitcoin price just smashed through resistance at $9,400 that has served as a top for the last few days and surged past $9,500 briefly on the cryptocurrency exchange Binance.

With crypto investors expecting a supercharged rally to follow a break of the key resistance level, Bitcoin is expected to push higher from here. Will bulls fully reclaim $9,500 and hold it as support? Or is this level too strong for bulls to overcome?

Bitcoin Price Surges Above $9,500, Can Bulls Hold Above Key Level?

Bitcoin price just surged above $9,500 briefly on Binance, a price not visited since the first week of November 2019.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

The resistance level dates back to late September when Bitcoin price broke down from a descending triangle, pushing the price further into a multi-month downtrend and toward a low of $6,400.

Related Reading | Historical Data Shows Bitcoin’s Low For 2020 is Already In At $6,800

After $6,400 was reached, and held as support, Bitcoin has rallied as much as over 40% in more around 40 days of an uptrend.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

The rally also isn’t showing any signs of stopping, and tomorrow night’s monthly close could result in a full-blown reversal if a new higher high is set on monthly timeframes.

This all hinges on a monthly close above $9,200 – a level that Bitcoin price is now sitting well above.

Multiple rejections from $9,400 couldn’t push the price per BTC lower than $9,200 showing that bull shave been fully in charge.

But as soon as Coinbase Pro went down for maintenance this afternoon starting at Noon EST, bulls stepped in even harder, driving Bitcoin up past $9,500 where it is currently struggling to get above.

bitcoin price chart binance

Levels to Watch for Bullish Breakout in Crypto Market

A break back above $9,500 will surely result in a retest of $10,000, and a break above there could spell the end of four-digit Bitcoin forevermore and signal that the new bull market is here.

Above that, Bitcoin will need to reclaim $14,000 where it was rejected in late June, resulting in the recent downtrend.

Beyond that level, Bitcoin price could retest its former all-time high set back in 2017 at $20,000, and above that sky is the limit.

While influencers like John McAfee may be backtracking on bold predictions that BTC could reach a million dollars apiece, other models suggest that this number is very attainable for the cryptocurrency.

Related Reading | 10 Factors Confirm a New Crypto Bull Market Has Officially Begun 

The top of the next bull market is projected to be as high as $100,000 per BTC, but only time will tell if such targets are reached. But first, $9,500, and $10,000 must be breached for bulls to have a chance to break free from the tight grasp bears have had over crypto for the last two years.

Featured image from Shutterstock
Tags: Binancebitcoinbitcoin pricecrypto
Tweet123Share468ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

Related Posts

Polygon Price May Surpass $1.50 in February: Here's Why

Polygon Price May Surpass $1.50 In February – Here’s Why

7 hours ago
Cardano

Cardano (ADA) Up By Over 65% In 2023 – Here’s Why

9 hours ago
Bitcoin Network

Craig Wright Wants His $2.5 Billion, Demanding For a Bitcoin Hard Fork

1 day ago
Dogecoin DOGE

63% Of Dogecoin Holders Are Making Money

1 day ago
Reddit MOON Arbitrum Nova

Reddit Deprecates The MOON Bridge To Arbitrum Nova, Users To Lose 4.77 Million Tokens

1 day ago
Binance Teams Up With Hong Kong Police To Fight Crypto Crime

Binance Teams Up With Hong Kong Police To Fight Crypto Crime

1 day ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Big Eyes Coin Presale Crosses $22 Million Mark, Indonesia Plans Launch of Crypto Exchange in June

February 5, 2023

Presenting LYOPAY Pro – An Innovative Payment App Connecting Traditional Finance with Digital Currency

February 5, 2023

Dogecoin (DOGE) And Fantom (FTM) Make Appreciable Profits As Orbeon Protocol (ORBN) Moves Closer To 700%

February 5, 2023

Monero (XMR) and Dogecoin (DOGE) are Popular Twitter Crypto Recommendations. Here’s Why Savvy Investors Choose Snowfall Protocol (SNW) Instead

February 5, 2023

Price Predictions for Polygon (MATIC), Uniswap (UNI), and Snowfall Protocol (SNW) for 2023 – 2030

February 5, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.