Bitcoin Pushes Above $9,000 Setting Up a Battle with $10,000 Resistance

Following my last post, Bitcoin fell below $7,000 before rebounding strongly and moving in a sideways channel between $8,000 and $9,000. Today the price finally pushed past 9k, reaching a high of $9,836 where it met resistance.

On the way down, $10,000 acted as resistance that helped to bounce the BTC price a number of times, so on the way up, this is likely to happen in reverse. Still, it is good to finally have some bullish momentum after the significant fall from the mid-December 2017 high of nearly $20,000.

image source