Looking at the chart, it seems like the price could accelerate gains above the $10,000 level. Above this last, the next stop for buyers could be $10,800 and $11,000 in the near term.
Bitcoin price is trading with a positive bias and it currently placed nicely above $9,500 against the US Dollar.
There is a major bullish trend line forming with support at $9,600 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair remains in an uptrend and it may well break the $10,000 level and settle above it.
Bitcoin price is gaining momentum above $9,500 against the US Dollar. BTC/USD is likely to accelerate higher above the $10,000 and $10,500 levels in the near term.
In the coming days, Well see some nicely placed prices in the chart.