Short-Term Upward Reversal or Just a Bounce?

After reaching the support at 9400, the bitcoin price has left 3 indecision candlesticks in the daily chart, which might suggest a short-term upward reversal. The support at 9400 is an important price level, since it represents the last bottom in the daily chart and closing below this point would confirm the short-term downward trend. However, it seems that the bears are loosing strenght and the bulls are taking over again. After bouncing off support, the bitcoin price has clear path to reach the pivot point for the second time at 10500. The pivot point will be a turning point for the short sellers. If bitcoin price breaks the pivot point with high volume, it might represents a short-term upward reversal, and a possible mid-term recovery for the bitcoin, having next resistence at 12900 as the next target. On the other hand, if the price goes up with low volume during the next days, it might be just a bounce, before plunging to the next support at 8700.