# Crypto Technicals: Bitcoin continues grind higher, edges closer to the crucial $10,000 mark

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/2321
Published: 2019-06-21T05:39:28.000Z
Updated: 2019-06-21T05:39:28.000Z
Section: Investing

> Support: 9387 (5-DMA); Resistance: 9948 (April 2018 high)

[BTC/USD](<https://www.tradingview.com/symbols/BTCUSD/>) chart - Trading View

Exchange - Coinbase

Support: 9387 (5-DMA); Resistance: 9948 (April 2018 high)

Technical Analysis: Bias Bullish

King Coin extends upside, grinds past $9800 to hit new multi-month highs at 9812.06.

BTC/USD trades with a bullish bias and positive momentum could carry the pair to test $10,000 mark.

Oscillators have approached overbought levels, but no signs of reversal seen.

MACD and ADX suggest upside continuation. Price action has broken above 38.2% Fib retracement and eyes crucial $10K mark.

Bulls could find stiff resistance at weekly cloud top at 10153. Breakout of weekly cloud required for upside continuation.

5-DMA is immediate support at 9388. Minor correction could test 21-EMA support at 8655.

For details on FxWirePro's Currency Strength Index, visit [http://www.fxwirepro.com/currencyindex](<http://www.fxwirepro.com/currencyindex>).

## Links in this article

- [BTC/USD](https://www.tradingview.com/symbols/BTCUSD/)
- [http://www.fxwirepro.com/currencyindex](http://www.fxwirepro.com/currencyindex)