BTC Price Analysis: Psychological $10K Within Range As BTC/USD Regains Upward Traction Following Bitcoin Post Halving Bull Run

*The remaining rebound is limited at $10,000 psychological, which is within range as BTC/USD bulls regain traction upward
*Bitcoin price a few days after the process of halving is steadily bullish
*Premised on the past, though, there may be a bull run after a post-halving drop in price

BTC/USD Daily Chart: Bullish

BTC/USD Daily Chart

The trend is in the bulls’ clutches as of now, while the MA 50 reduces the range to the MA 200 near as possible. It’s not certain whether the impact of halving has finally emerged and the farther the momentum may go. Whatever the scenario, particularly after the catastrophic unrestricted-fall to $8,100 last week, the rebound indeed is a pleasant sight. Bitcoin is currently trading at $9,703, following a minor intraday relatively weak shift.

In the short term, Bitcoin increasingly looks bullish as the number one cryptocurrency continues rallying beyond the level of $9,500. BTC/USD bulls may reach the resistance level of $10,000 once they can manage to maintain prices beyond the near-term support level of $9,500. BTC/USD bulls could reach for a resistance level of mid-$11,000 once they manage to force a relentless attack well above the resistance level of $10,000.

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