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.
Everything is still always going to be under a certain condition as 'MAY' since the market is pretty much volatile and no one really can tell what happens and what would not happen as time goes on. So far, the market is very complex and sometimes, even with some indicators, you just would not even get it right as traders and it is more like you expect the market to want to give less, and it ended up giving more, and vice versa. That is really brain draining as far as I am concerned.