Bitcoinist.net:

Bitcoin saw an overnight decline that has caused it to further extend the bout of consolidation that it has been caught within in the time following its sharp rise to $10,000
This latest movement seems to suggest that there is in fact heavy resistance within the lower-$10,000 region
Although its inability to gain a solid foothold within this region does seem to be overtly bearish, the crypto was able to form an elusive “golden cross”

After attempting to gain a footing within the coveted five-figure price region yesterday evening, Bitcoin faced a slight rejection that subsequently led it lower.
It is important to note that this decline has been tempered – a further sign pointing to the sustainability of this recent uptrend.
Although it now appears that the cryptocurrency could be prone to seeing some further near-term downside,…

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Source: https://bitcoinist.com/bitcoin-confirms-elusive-golden-cross-pattern-as-large-buyers-step-up/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-confirms-elusive-golden-cross-pattern-as-large-buyers-step-up