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Bitcoin Price: Can Bitcoin Break The Barrier at $10,000




Crypto market daily performance. Source: Coin360

Bitcoin (BTC) is currently trading at $9,400 following a potential new upwards trend started, given that buyers stepped in during January at every support/resistance test. This support test resulted in a continuation of the upward momentum, leading the price towards $9,500

Although Bitcoin hasn't been able to break the $10,000 level, the overall panorama is looking quite bullish.

The price of bitcoin has now moved towards the next resistance, and this one can be defined as a major hurdle, according to COINTELEGRAPH.

The resistance at $9,500 is massive, given that the price bounced multiple times on this level throughout the summer of 2019. If a breakout upwards occurs, continuation should be likely towards $10,900, and that would break the psychological barrier at $10,000.


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