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Bitcoin Holds Strong at $9,500: A Strengthening Case for Upside

Bitcoin is up more than 2% today and it is trading above $9,500 against the US Dollar. BTC is trading in a positive zone and it could rally above the $9,800 and $10,000 resistance levels.

 ▪ Bitcoin is showing a lot of positive signs above the $9,500 pivot level.
 ▪ The price recovered nicely after a short term downside correction towards the $9,200 zone.
 ▪ There was a break above a key bearish trend line with resistance near $9,570 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
 ▪ The pair is likely to accelerate higher above the $9,800 as long as it is above the $9,300 support.