Bitcoin Price Ready to Push Above Key Resistance to Hit $10,000

Bitcoin breaks the 7-month downtrend

The price of Bitcoin broke through the downtrend a few weeks ago, which marked the possible end of the downwards pressure. The slight test of $7,600 confirmed this breakout, after which price continued to rally towards $9,000.

Total market capitalization breaks downtrend too

The total market capitalization has also broken the downtrend upwards and is currently hovering around $248 billion.

Altcoin market capitalization looks identical to February 2019

Bitcoin Dominance on the edge of breaking down

The bullish scenario for Bitcoin

The bearish scenario for Bitcoin

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