Bitcoin Price Analysis: BTC/USD has a heavy block of supply ahead of $10,000 to break down

• Bitcoin price is trading in positive territory, up 0.95% in the second half of the session. 
• BTC/USD bulls are consolidating within the $9000 zone, ahead of further potential moves north. 
• Upon a successful breakdown of the resistance within the $9500 area, a return to $10,000 will be eyed. 

BTC/USD daily chart

There is a heavy block of supply primarily running from $9250-9500 via the daily view. Ahead of the big psychological $10,000 mark. 

BTC/USD 60-minute chart

Price action is narrowing within a pennant structure, subject to a potential breakout higher. 

Spot rate:                9376.69

Relative change:     +0.95%

High:                        9431.25

Low:                         9183.81