Bitcoin Price Analysis: BTC/USD bulls set to rechallenge $10,000

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  • Bitcoin price is trading in negative territory, down 1.00% in the second half of the session. 
  • BTC/USD bulls are in firm control following a break north of $9000 again.
  • The market buyers will now be looking for a return back into the psychological $10,000 territory. 

BTC/USD daily chart

The price is running towards its fourth consecutive session in the green, strong advances following a move back above $9000. 

BTC/USD 60-minute chart

Price action was consolidating via the hourly chart view within a range-block, the bears have managed to breach this to the downside. A retest is being observed currently. 

Spot rate:                9299.27

Relative change:     -1.30%

High:                        9431.25

Low:                         9274.18

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