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Bitcoin technical analysis: BTC/USD $10,000 is hanging on for now but remains vulnerable

  • Bitcoin price on Thursday is trading in minor positive territory by 0.20%.
  • BTC/USD has found critical support via the daily from an ascending trend line.  
  • Buyers are heavily trying to defend the $10,000 price area.  

 

Spot rate:                   10,150.40

Relative change:       +0.80%

High:                          10,194.55

Low:                           9,757.33

 

BTC/USD daily chart

  • Determination from the buyers can be observed around the $10,000 mark.  

BTC/USD 60-minute chart

  • The upside is limited near-term by an area of supply seen at $10,100-200 range.  

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