- Bitcoin price on Wednesday is trading in positive territory, holding gains of some 4%.
- BTC/USD has been closely tracking a critical long-running ascending trend line, which has been in play since early June.
- A failure of the noted trend line holding could force the price to drop down to $7500 price area.
Spot rate: 9974.65
Relative change: +4.05%
High: 10,056.54
Low: 9575.55
BTC/USD 60-minute chart
- A heavy amount of supply can be seen in the very early $10,000 territory.
BTC/USD daily chart
- BTC/USD struggling to push back above the psychological $10,000 price mark.
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