- Bitcoin price is trading at $9,745 after a shallow recovery from $9,591 (daily lows).
- BTC/USD is likely to revisit $9,000 before relaunching the quest towards the $14,000 milestone.
Bitcoin scuffle towards $10,000 has renewed strength after defending $9,500 support. Over the past couple of days, concentration has been on holding above key support areas. However, with bears boosted by the negative wave across the market and the lack of catalyst, the path of least resistance has remained to the south.
At press time, Bitcoin price is trading at $9,745 after a shallow recovery from $9,591 (daily lows). The bulls are fighting to hold on to the slight gains but $9,800 is proving to be an uphill task.
BTC/USD 4-h chart
Bitcoin price Chart | Source: Tradingview
The correction to the range around $9,500 as many believed, going to create more demand for BTC. However, as it stands the crypto did not gain the desired momentum to correct above $10,000. Besides, BTC/USD must come out of the bear range between $9,500 and $9,800 in order to…