Bitcoin Bulls Back in the Driver’s Seat as Price Crosses $10K
Bitcoin has crossed into bullish territory above $10,000 alongside gold's rally toward seven-year highs.
Bitcoin needs to break past the session high of $10,028 to revive the immediate bullish setup.
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 formed a bearish head-and-shoulders pattern with neckline support at $9,400.
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.