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Bitcoin Price Analysis: BTC/USD sellers remain camped in $10,000 region

  • Bitcoin price is trading in negative territory, up 0.10% in the second half of the session. 
  • BTC/USD bulls failed to keep hold of the $10,000 price mark for now. 
  • Sellers continue to lurk in and around the psychological $10,000 area, after hitting since October 2019. 

BTC/USD weekly chart

The price managed to produce another week in the green, marking its second consecutive. BTC bulls have been running from $6500 up to recent highs above $10,000, over eight weeks. 

                     

BTC/USD daily chart

Critical daily demand should be noted at the range of $9750-500, former acting resistance. 

 

Spot rate:                9810.21

Relative change:     -3.50%

High:                        10,195.75

Low:                         9744.70

 

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