RATE Group | BTC/USD blast through $10,500 awakening the bulls
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BTC/USD blast through $10,500 awakening the bulls

15 Jul BTC/USD blast through $10,500 awakening the bulls

Posted at 21:31h in Bitcoin News by

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  • Bitcoin appreciates in value following the dive below $10,000 level.
  • BTC/USD still poised for growth in the near-term: technical levels suggest.

Bitcoin bulls have been awoken once again following the drop experienced over the weekend. Besides, the bears pushed further against support areas during the Asian hours on Monday. Bitcoin briefly explored the levels under $10,000 before finding support marginally above $9,800.

In the market update published earlier today, Bitcoin upside had been capped at $10,400 (the 61.8% Fib retracement level taken between the last swing high of $10,740 to a low around $9,848.84.

However, with constant assault, the bulls finally pushed the price above the resistance. In turn, opening the road for correction above $10,500. A high has been formed at $10,593 while the momentum has lost steam paving the way for a retracement towards $10,500.

Also read: Georgia finance minister signs bill exempting fiat-to-crypto transactions from…

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