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Bitcoin Bulls Back in the Driving Seat as Price Crosses $10K

From coindesk.com

Bitcoin returned into the five-figure zone on Wednesday, reviving the bullish case and putting recent highs near $10,500 back on the radar. At press time, bitcoin is trading at $10,139, representing a 4.48 percent gain on a 24-hour basis, as per CoinDesk’s Bitcoin Price Index. However, the top cryptocurrency by market value was looking weak 24 hours ago, having breached the 2020 rising trendline support at $9,700. The subsequent sell-off, however, ran into bids near $9,600, following which prices charted a near 90-degree rise to $10,290 during the U.S. trading session. Tuesday’s spike marked an end of the pullback ... (full story)

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  • Category: Technical Analysis