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Bitcoin technical analysis: BTC/USD bulls ready for $10,000 and beyond

  • Bitcoin price on Friday is trading with strong gains of over 4%, late in the session.
  • BTC/USD bulls are driving hard towards $10,000 reclaim, which could be comfortably reclaimed very soon./
  • The bulls have broken out from a rising channel formation, inviting further buying pressure.  

 

Spot rate:                 9918.4005

Relative change:       +4.40%

High:                         9953.59

Low:                         9532.80

 

BTC/USD 60-minute chart

  • An additional wave of buying pressure came into play, after the price managed to breakout from a narrowing range-block.  

BTC/USD daily chart

  • The price is running at its third consecutive session in the green, as upside momentum picks up further pace.  

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