Bitcoin [BTC] Price Above $10,000 is Key for Bulls

January 18, 2020 | By | Reply | 23 Readers More


The uncertainty in Bitcoin [BTC] price continues as Bitcoin continues to trade around the $8,800 to $9,000 area. The volatility in the market is high, and after the recent bull run, the bias is currently on shaky grounds.

While the Price Action (PA) is unclear and some investors might look to FOMO into buying or selling. Leading analysts with a bullish bias like Sawcruhteez and Josh Rager, chalk out plans before turning into a complete bull.

btcusd 1 day chart
BTC/USD 1-Day Chart on Bitstamp (TradingView)

Another derivatives and crypto trader, TraderSZ, noted similar resistances for turning into a bull. The price must hold and consolidate above long-term resistance and support around $10,100 for that. Josh Rager, tweeted,

2018 POC held as support at $6,400s IMO, we should see the 2019 POC act as support at $10,100 = Price should stay above $10,100 on its way to new ATH

Coincidentally, the…

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