Why Analysts Expect More Upside After Bitcoin Just Broke $10,000 (Again)

Over the past 36 hours, Bitcoin has finally started to show signs of strength after the brutal 10% sell-off earlier this week. From the week’s most traded price at $9,600, the cryptocurrency has pressed higher to $10,000 as of the time of writing this, seemingly to establish a short-term candle close above this crucial psychological level.

While still in its earliest stages, analysts say this latest leg to the upside has room to run, citing a confluence of positive technical factors that suggest Bitcoin is entering back into a bull trend.

Bitcoin Prints Confluence of Strong Technical Signs, Meaning More Upside May Be Imminent

Ledger Status, a prominent market commentator, noted that with Bitcoin’s latest surge higher, it has reclaimed a key moving average. The moving average wasn’t specified, though the analyst strongly suggested that this technical achievement has the ability to send BTC even higher in the coming days. Indeed, some moving…