Low-Volume Bitcoin Pullback Stalls at Price Support Near $9.6K

Bitcoin’s price pullback looks to have stalled with the bears losing steam near former hurdle-turned-support on Sunday. 

The number one cryptocurrency by market cap ran into offers over the weekend, having faced multiple rejections near $10,500 on Feb. 12–13.

Notably, the cryptocurrency fell nearly 4.5 percent on Sunday – its biggest single-day decline since Nov. 24 – with sellers driving prices as far as support at $9,615 – a higher high created on Feb. 3. The former resistance level, however, withstood the bear attack. 

Bitcoin went on to close Sunday on a flat note above $9,900, forming a doji candle on the daily chart – a sign of hesitation from the bears near the price support. 

While Sunday’s doji candle has weakened the case for a deeper pullback, a bull revival is still not confirmed. For that, prices need to find acceptance above Sunday’s high of $10,051. 

So far, the positive follow-through to the doji has remained elusive. The cryptocurrency is currently…