{"id":51795,"date":"2017-11-01T07:08:23","date_gmt":"2017-11-01T06:08:23","guid":{"rendered":"https:\/\/uniquehot.com\/?p=51795"},"modified":"2024-06-11T07:42:46","modified_gmt":"2024-06-11T07:42:46","slug":"bitcoin-price-technical-analysis-btcusd-bull-run-stay","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-technical-analysis-btcusd-bull-run-stay\/","title":{"rendered":"Bitcoin Technical Analysis \u2013 BTC\/USD Bull Run is Here to Stay"},"content":{"rendered":"
Bitcoin price is super bullish above $6200 against the US Dollar. BTC\/USD might continue to trade higher and it could even break $6500.<\/em><\/p>\n The past few days were excellent for bitcoin price as it remained above $6000 against the US Dollar. We even discussed about the recent bullish run above $6000 in the weekly analysis<\/a>. The price gained pace recently and even managed to move above the $6400 level. A new all-time high was formed at $6456 where sellers appeared and defended further gains.<\/p>\n At the moment, the price is correcting lower and trading near the 23.6% Fib retracement level of the last wave from the $6085 low to $6456 high. It seems like there is an ascending channel forming with current support at $6250 on the hourly chart of the BTC\/USD pair. An immediate support is at $6300. Below the mentioned $6300, the 50% Fib retracement level of the last wave from the $6085 low to $6456 high is likely to act as a support<\/a> at $6270.<\/p>\nBitcoin Price Upside Move<\/h2>\n