Bitcoin is currently residing above $8,000 price area which is expected to push higher towards $10,000 price area. The bounce off the $6,000 price area has been quite remarkable for Bitcoin, which actually resulted in a good amount of bullish pressure after such an impulsive bearish momentum. Recently US Senate provided positive feedback on the Crypto market which helped sustain the bullish pressure that is currently in the market and US is also expected to think about ease of Crypto regulations in the coming days. The confidence of impulsive bullish momentum is still lacking because of indecision in the market which is expected to recover in the coming days. As of the current scenario, a daily close above $8,000 will lead to a clear indication of bullish pressure in the market with the target towards 10,000 price area in the future. A break above $10,000 is expected to provide required confidence and boost for the Bitcoin market to proceed higher.
