Bitcoin is up more than 5% and it broke the main $10,000 resistance against the US Dollar. BTC price could correct lower in the short term towards $9,950 before it starts a fresh increase.Bitcoin rallied recently and broke many key hurdles near $9,950 and $10,000 (as discussed yesterday).The price traded to a new weekly high at $10,371 and it is currently correcting lower.There is a key connecting bullish trend line forming with support near $9,740 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is likely to find a strong support near the $9,950 level (the previous major hurdle).Bitcoin Price Rallies 5%Yesterday, we discussed the chances of a larger rally in bitcoin price above $9,750 against the US Dollar. BTC did gain traction above the $9,750 resistance and rallied more than 5%.It broke many key hurdles near $9,950 and $10,000 to move into a positive zone. A new weekly high is formed near $10,371 and the price is now trading well above the 100 hourly simple moving average.Bitcoin is currently correcting lower from $10,371 and trading below $10,200. It broke the 23.6% Fib retracement level of the recent rally from the $9,378 low to $10,371 high. However, there are many supports on the downside, starting with $10,000.The first major support is near the $9,950 (the previous major resistance). The next support is near the $9,875 level or the 50% Fib retracement level of the recent rally from the $9,378 low to $10,371 high.There is also key connecting bullish trend line forming with support near $9,740 on the hourly chart of the BTC/USD pair. On the upside, the recent high near $10,371 is a short term resistance zone.
Bitcoin(BTC)$59,391.00 Ethereum(ETH)$2,987.99 Tether(USDT)$1.00 BNB(BNB)$562.77 Solana(SOL)$138.61 USDC(USDC)$1.00 XRP(XRP)$0.52 Lido Staked Ether(STETH)$2,984.18 Dogecoin(DOGE)$0.132972 Toncoin(TON)$5.28