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.
The history will just repeat itself, the market prices today might dumping but as soon as the ber month started, the prices has a huge chance to pump up again since cryptocurrency analyst is expecting for the price to reach $50k dollars before the year ends.
Hopefully we'll be seeing it in ber months mate, and the bear market will be overcome. If we may see the moving price right now, I think that's a sign of progressive development of bitcoin. Thinking about the chance that it will pump again same as last year's history will break the latest dip of 2018, so speculations will be lessen and all traders will gain stronger determinations towards their asset long term holdings.