The bulls have retreated recently as the BTCUSD pair needs additional impetus to make a clear break above the mentioned psychological resistance. Corrective signals in the short-term charts look quite natural, but they don’t negate the possibility of another bull run from lower, more attractive levels down the road.
In the nearest future, bitcoin may struggle to hold above $,9000, which means the 100-DMA could be tested again. Should we see a deeper correction from the current levels, it is important to preserve the key local support at $8,600. In the bigger picture, the cryptocurrency still looks , and the chance for climbing above $10,000 remains.