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  • Bitcoin price is trading in positive territory, up 3.40% in the second half of the session. 
  • BTC/USD is heading back for another purposeful retest of the barrier at $10,500. 
  • The price managed to stage a rebound, after receiving support at the round figure of $9500.

BTC/USD daily chart

Support was found by a running ascending trend line, as the bulls look for another attempt at $10,500. 

                     

BTC/USD 60-minute chart

A chunky bounce was seen at $9500, where decent support psychologically was noted. Price action has also smashed back above a descending trend line, allowing for greater upside momentum. 

Spot rate:                 10,030.00

Relative change:     +3.40%

High:                         10,040.20

Low:                          9,610.33

 

Expert score

5

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