Bitcoin is up around 4% and it is approaching the $10,000 resistance against the US Dollar. BTC price is likely to extend its rally above $10,000 unless it dives below the $9,500 support.
Bitcoin is currently gaining bullish momentum and trading near the last swing high at $9,950.
The price is trading well above the $9,600 support and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $9,720 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could correct a few points, but there are high chances of an upside break above $9,950 and $10K.