{"id":9944,"date":"2020-01-29T04:19:08","date_gmt":"2020-01-29T04:19:08","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=9944"},"modified":"2020-01-29T04:19:10","modified_gmt":"2020-01-29T04:19:10","slug":"news-commentary-977-arbitrage-invest-suggests-bitcoin-will-hit-9500","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=9944","title":{"rendered":"News Commentary #977 – Arbitrage Invest Suggests Bitcoin Will Hit $9,500"},"content":{"rendered":"\n

Cites Various Trading Indicators.<\/strong><\/p>\n\n\n\n

Arbitrage Invest <\/a>(reviewed here<\/a>) is always up to date on what\u2019s happening in-so-far-as crypto trading is concerned.  And, as you already know, Bitcoin appears to be taking off and no one knows to where.  Here is the latest trading information that Arbitrage Invest<\/a> has gathered related to all this\u2026  <\/p>\n\n\n

\"\"<\/a><\/p>\n\n\n

$9,500 IS IMMINENT FOR BITCOIN DESPITE 5% INTRADAY GAIN: HERE\u2019S WHY<\/strong><\/p>

Bitcoin gained bullish momentum above the key $8,800 resistance. As a result, BTC price surpassed $9,000 and it seems like the bulls are now aiming a test of $9,500.<\/em><\/p>

Bitcoin Price Is Setting Up for $9,500<\/p>

Yesterday, we discussed how bitcoin bulls aim big after the price surge above the $8,500 resistance. BTC even surged above the main $8,800 resistance level and the 100 hourly simple moving average to move further into a positive zone.<\/p>

In the past three sessions, the price is up around 5% and it surpassed the $9,000 psychological barrier. A new weekly high is formed near the $9,145 and the price is currently correcting lower.<\/p>

It is trading near the 23.6% Fib retracement level of the recent rise from the $8,873 low to $9,145 high. The first key support on the downside is near the $9,000 level.<\/p>

Furthermore, the 50% Fib retracement level of the recent rise from the $8,873 low to $9,145 high is also near the $9,000 level to act as a strong support. If there are additional losses, bitcoin price might decline towards the $8,880 support area.<\/p>

More importantly, there is a key bullish trend line forming with support near $8,880 on the hourly chart of the BTC\/USD pair. If the price fails to stay above the $8,800 support, it could revisit the main $8,500 support area (the recent breakout zone).<\/p>

Here Are Bullish Targets:<\/p>

In the short term, BTC might correct lower towards the $9,000 and $8,880 support levels. However, the bulls remain in control as long as the price is above $8,500 and the 100 hourly simple moving average.<\/p>

On the upside, an initial resistance is near the $9,200 area. If bitcoin surges above the $9,200 resistance, it will most likely set the pace for a test of the $9,500 hurdle. Any further gains may perhaps call for a push towards $10,000 in the near term.<\/p>

Technical indicators:<\/p>

Hourly MACD \u2013 The MACD is showing positive signs in the bullish zone.<\/p>

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is currently correcting from the overbought zone.<\/p>

Major Support Levels \u2013 $9,000 followed by $8,880.<\/p>

Major Resistance Levels \u2013 $9,150, $9,200 and $9,500.<\/p><\/blockquote>\n\n\n

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Cites Various Trading Indicators. Arbitrage Invest (reviewed here) is always up to date on what\u2019s happening in-so-far-as crypto trading is concerned.  And, as you already know, Bitcoin appears to be taking off and no one … News Commentary #977 – Arbitrage Invest Suggests Bitcoin Will Hit $9,500<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":9525,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3594,3735,3600,3595,3596,3597,3607,3601,3598,3599,3627,3629,3632,3630,3633,3631,3628,3606,3634],"class_list":["post-9944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-arbitrage-invest","tag-arbitrage-invest-crypto-news","tag-arbitrage-invest-info","tag-arbitrage-invest-investment-plan","tag-arbitrage-invest-investment-program","tag-arbitrage-invest-news","tag-arbitrage-invest-review","tag-arbitrage-invest-scam-or-paying","tag-arbitrage-invest-update","tag-arbitrage-invest-updates","tag-arbitrageinvest","tag-arbitrageinvest-bitcoin-analysis","tag-arbitrageinvest-hyip","tag-arbitrageinvest-information","tag-arbitrageinvest-program","tag-arbitrageinvest-scam-or-paying","tag-arbitrageinvest-update","tag-https-arbitrage-inv-com","tag-https-arbitrage-inv-com-refemilynews","exalt-entry"],"yoast_head":"\nNews Commentary #977 - Arbitrage Invest Suggests Bitcoin Will Hit $9,500 - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=9944\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary #977 - Arbitrage Invest Suggests Bitcoin Will Hit $9,500 - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Cites Various Trading Indicators. Arbitrage Invest (reviewed here) is always up to date on what\u2019s happening in-so-far-as crypto trading is concerned.  And, as you already know, Bitcoin appears to be taking off and no one … News Commentary #977 – Arbitrage Invest Suggests Bitcoin Will Hit $9,500Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/emilynews.com\/blog\/?p=9944\" \/>\n<meta property=\"og:site_name\" content=\"EmilyNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-29T04:19:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-29T04:19:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2019\/12\/ai.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emilynews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2019\/12\/ai.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emilynews\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=9944\",\"url\":\"https:\/\/emilynews.com\/blog\/?p=9944\",\"name\":\"News Commentary #977 - Arbitrage Invest Suggests Bitcoin Will Hit $9,500 - EmilyNews\",\"isPartOf\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=9944#primaryimage\"},\"image\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=9944#primaryimage\"},\"thumbnailUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2019\/12\/ai.jpg\",\"datePublished\":\"2020-01-29T04:19:08+00:00\",\"dateModified\":\"2020-01-29T04:19:10+00:00\",\"author\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\"},\"breadcrumb\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=9944#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/emilynews.com\/blog\/?p=9944\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=9944#primaryimage\",\"url\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2019\/12\/ai.jpg\",\"contentUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2019\/12\/ai.jpg\",\"width\":200,\"height\":200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=9944#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/emilynews.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News Commentary #977 – Arbitrage Invest Suggests Bitcoin Will Hit $9,500\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/emilynews.com\/blog\/#website\",\"url\":\"https:\/\/emilynews.com\/blog\/\",\"name\":\"EmilyNews\",\"description\":\"EmilyNews Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/emilynews.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\",\"name\":\"Emilynews\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"caption\":\"Emilynews\"},\"url\":\"https:\/\/emilynews.com\/blog\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"News Commentary #977 - Arbitrage Invest Suggests Bitcoin Will Hit $9,500 - EmilyNews","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/emilynews.com\/blog\/?p=9944","og_locale":"en_US","og_type":"article","og_title":"News Commentary #977 - Arbitrage Invest Suggests Bitcoin Will Hit $9,500 - EmilyNews","og_description":"Cites Various Trading Indicators. 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