Bitcoin price must hold the low $9Ks to continue its upward grind and finally conquer the psychological $10,000 level.
The price of Bitcoin (BTC) has been trying to break above the psychological barrier of $10,000. However, during the week, it failed to go through this resistance. This “fakeout” caused a significant portion of the market to shift from a bullish bias to a bearish bias.
Is such a bias shift warranted in the current structure of the market? Altcoins have been continuing their upwards momentum since the drop with some demonstrating significant rallies.
Source:
https://cointelegraph.com/news/bitcoin-struggling-to-break-10-000-but-is-bearish-bias-warranted