Low-Volume Bitcoin Pullback Stalls at Price Support Near $9.6K
Sunday's "doji" candle weakened the case for a deeper price pullback, however, a positive follow-through is needed to confirm bull revival.
Bitcoin took its biggest daily fall in three months on Wednesday, but prices remain in the bullish zone for now.
Bitcoin has dipped back below the psychological area of support near the $10,000 level amid a 20-minute sell-off.
Bitcoin's daily money flow index has turned bearish for the first time since early January, supporting the case for further price losses.
Bitcoin has crossed into bullish territory above $10,000 alongside gold's rally toward seven-year highs.
While a long-term price indicator has flipped bullish, bitcoin is struggling to gather upside traction and looks vulnerable near the seven-week rising trendline support.