Quote from: eaLiTy on August 03, 2019, 06:54:31 PM

This is not the first time that the price of bitcoin has crossed the 10k mark in the past few months and it is not a big surprise either and moving forward we might even seen a pull back below $10k before the big rally which is expected to happen after halving, we are trading on a range bound for the past few weeks and the price is struggling to cross the resistance above $13k.

Indeed, this is no surprise as you said, the good thing is after Bitcoin broke $10k barrier there is a good chance that it will break $11k on the next couple of weeks. Since according to one article:

Quote from: https://www.coindesk.com/bitcoin-may-be-building-for-a-price-move-to-11k

Bitcoins repeated rebound from sub-$9,400 levels in the 13 days to July 29 likely indicates seller exhaustion. Another strong sign of bearish exhaustion emerged in the form of a long-legged doji candle on July 28, as discussed earlier this week.

https://www.coindesk.com/bitcoin-may-be-building-for-a-price-move-to-11k

This analysis simply tells us that there will be less sell order due to the bearish exhaustion.