Bitcoin Price Is Around $9,500 Now, BTC Keeps Correcting

On Thursday, the leading cryptocurrency keeps correcting, which is absolutely logical after the latest movements. Today Bitcoin is generally trading at around $9,500.

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.

  • Tech analysis of Bitcoin price now.
  • Miners brought down the sales volume of the BTC.
  • The BTC is gaining speed – Novogratz.

On W1, the quotations are trading in a small range. The pair keeps restoring its positions. Technically speaking, now Bitcoin is still trading above 61.8% Fibo. This might precede another bounce off this level. The MACD remains below zero, which may indicate a change in the trend. The price might soon decline, aiming at 38.2% Fibo.

Photo: Roboforex / TradingView

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