Bitcoin price has remained above $ 10,000 despite its rapid retrace over the weekend when market momentum suddenly fizzled out.
Vays Hints At ‘Bullish’ Daily, Weekly Outlook
After passing $ 11,000 in Sunday trading, BTC/USD peaked at $ 11,283 on Bitstamp before dropping $ 1500 in hours to hit a low of $ 9727.
A correction took prices back over $ 10,000 where they remained into Monday, analysts predicting a ‘flip’ into bullish territory as Bitcoin’s most likely next move.
“The daily [chart] remains bullish and the weekly wants to flip bullish,” Tone Vays told viewers of his latest online trading seminar released late Sunday.