Price is now moving back towards the broken trendline support

Cryptocurrencies in general are enjoying a better last two days, and Bitcoin has started to show some signs of life once again.

Buyers found support at the 100-hour MA for the past two days, and showed much love for the cryptocurrency as it staged a move above $9,000 in US trading yesterday.

But price looks to have encountered some selling at the $10,000 level - which acts as a psychological barrier once again. Money being taken off the table perhaps?

The next level of support from the rejection here is the broken trendline support, a level that buyers have been leaning on this month. But more importantly, price needs to stay above the 100 and 200-hour MAs to establish the bullish bias and fuel the run up further.

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