Bitcoin (BTC) Price Analysis (February 12)

    Key Highlights

    • Bitcoin has again attained a high point at $10,400 in its striving bid to outpace theUS dollar.
    • The $10,400 price line now seems to be a critical zone for further bullish upswing in the BTC/USD market operations.
    • A spike from the $10,400 price line needs to go with stable sustainability in motion.

    Major supply zones: $10,800, $11,200, $11,600
    Major demand zones: $9,200, $8,800, $8,400

    Bitcoin (BTC) Price Analysis

    The trade valuation of Bitcoin has again attained a high point at $10,400 in its striving bid to outpace the worth of the US dollar in the global cryptocurrency market. A few days back, the crypto was a bit down, averaging a low value of $9,600.

    The currency pair now trades around the $10,400 price line as it appears to open to a kind of small oscillation movement. That presently depicts a critical zone for a further bullish upswing in the BTC/USD market operations.

    Bitcoin Technical Indicators Reading

    In the last many hours back, the BTC/USD price has been trading over the due trading SMA indicators. The 14-day SMA trend-line is above the 50-day SMA trading indicator. And, they both still slightly point to the north.

    As it has been, the SMAs yet indicate that the market movement path to the north is not totally out of force. Meanwhile, the Stochastic Oscillators have just dipped into the overbought region to suggest a mere loss of strength in the bulls’ driving mote.


    The most valuable crypto may have to take time to surge past its current supply zone to the north. In the same vein, the bears may also find an entry point around the $10,400 price line. In other words, a breakout of the point mentioned earlier needs to go with stable sustainability in motion.


    Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication ( holds any responsibility for your financial loss.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Ben Jordan
    Ben Jordan
    Ben began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Indian State Telangana Govt Launches Blockchain Accelerator With Tech Mahindra

    The IT arm of Mahindra Group and the Telangana government have closed a partnership and aims to launch a blockchain accelerator that will be...

    Ripple Co-Founder' Claims His XRP Sell-Off Doesn't Impact The Market Is ‘Simply Preposterous'

    XRP Whale and former Ripple CTO argues his huge sell offs Not possible to sell off over 2% of the total supply without...

    Ripple (XRP) Price Analysis (February 19)

    Key Highlights The US dollar has now forced the XRP price value into a range trading condition. The XRP/USD price now hovers around $0.30...

    Microsoft Azure Integrates Lition’s Blockchain Tech to Scale Commercial Operations

    Microsoft is one of the fast-moving IT giants in blockchain research for leverage with their existing services. The firm recently integrated Lition blockchain which...

    European Space Agency to Use Blockchain-Powered Satellite Data For Mining Transparency

    Blockchain tech is fast on the track of providing solutions from space despite a skeptical approach towards its major use as per now ‘cryptocurrencies’....

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.