Price is still sitting above $10,000 but upside move has been stalling

Looking at the daily chart, the recent rebound in Bitcoin has stalled at the 50.0 retracement level at around $10,825. At the moment, that is the key resistance level for buyers to break above.

The rejection here sees price action take Bitcoin back below the broken trendline support from earlier this month. But the second level of support at the 100-hour MA (red line) acts as a more accurate gauge of whether or not we will see buyers hold the line in a bid higher.