Bitcoin Bulls Seek Breakout to $10K or Higher
Bitcoin (BTC) has been trading in a narrowing price range over the past week, but a bullish breakout is looking likely, the technical charts suggest.
The cryptocurrency created a bearish outside-day candle last Wednesday, signaling the rally from the low of $6,425 had run out of steam. However, the bitcoin bulls ensured there was no negativefollow-through on Thursday and defended $8,800 over the weekend.
While a convincing break above $9,500 has remained elusive so far, the charts suggest the bulls have the stronger hand going forward.
Author: Omkar Godbole