Bitcoin has been quite corrective and volatile recently having no definite trend pressure on either side of the market. The price has been correcting itself for a few days now below $8,000 which is expected to be retested soon in the coming days. As the price breaks above $8,000 area with a daily close, further bullish pressure with a target towards $10,000 is expected. As of the current scenario, the price is being held by the dynamic level of 20 EMA from where it is expected to correct itself for a certain period before it pushes higher towards $8,000. As the price remains above $5,500 area, the bullish bias is expected to continue in the future.
