02-03-2020, 09:48 AM
Bitcoin price jumped above the $9,550 resistance to invalidate a key head and shoulders pattern against the US Dollar. It seems like BTC is primed for a massive rally above $10,000.
- Bitcoin bears failed to push the price below the main $9,150 support against the US Dollar.
- The bulls gained control, resulting in a fresh increase above $9,500.
- There is a connecting bullish trend line forming with support near $9,280 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- On the upside, the $9,500 and $9,580 levels hold the key for the next major rally.
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