Bitcoin recovered above $10'000 with a gain of more than 6% in 24 hours.
Current support/resistance: $10'000/$10'400
Following the Bitcoin is definitely exciting, in a few hours, a spectacular rally was observed. This one started at the moment of breaking the resistance at $9'800 to quickly pass the $10'000 and find a strong resistance at $10'500. This upward movement pushed the price above the 20-days moving average and the MACD lines crossed indicating a bullish momentum. The RSI is also in a neutral zone after this strong buying pressure.
We are getting closer to money time in this downward triangle because the price is always inside it. If the price manages to pass above the trend line (which is around 11'000) we can hope for a violent break on the upside. However, if this is not the case, it will be necessary to monitor the $10,000 support. A passage under it would be strongly bearish after the current movements.
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