Here’s the Crucial Level Bitcoin Needs to Close Above to Kick Off Its Uptrend

Bitcoin and the entire cryptocurrency market have lacked some directionality as of late, with bears putting a firm end to the recent market-wide bull cycle. That being said, analysts are still optimistic that bulls could easily regain control over the cryptocurrency’s trend.

Multiple analysts are now pointing to the region between $10,000 and $10,500, noting that any high time frame closes above this area could provide bulls with a serious boost. While speaking about Bitcoin’s near-term outlook, one trader observed that a high time frame close above $10,500 would keep his bull bias intact for the time being.

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