Here’s the Key Level Bitcoin Needs to Hold Above to Remain Bullish

Bitcoin has been caught within intense turbulence over the past several day and weeks, with its recent price action being primarily bear-favoring as the cryptocurrency struggles to gain any notable upwards momentum after falling below its key support level at $10,000.

In the near-term, despite the overt bearishness of the price action seen over the past couple of days, it is possible that the crypto will soon break back above $10,000.

In order for this bullish possibility to be validated, however, it is imperative that BTC holds above $9,500 before its daily close.

Bitcoin Could See a Major Rally if It Holds Above This Key Support Level

Bitcoin’s intense uptrend seen over the past couple of weeks has resulted in a bearish downwards movement, which first came about yesterday when the crypto failed to establish a strong position within the lower-$10,000 region.

While zooming out and looking at the cryptocurrency’s multi-week price action, it is important to note that it is still…