Bitcoin Price Analysis: BTC/USD rockets back above the big $10,000 mark
|- 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
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