Bitcoin has found some stability within the mid-$10,000 region over the past couple of days after incurring significant volatility earlier this week. This stability marks a bout of consolidation that comes shortly after BTC\u2019s massive surge from the lower-$9,000 region to highs of roughly $10,800, which is where it faced some levels of resistance.<\/p>\n
Although the crypto has been in a firm short-term uptrend, it is important to note that analysts are now expressing caution when it comes to BTC and are noting that its bulls may be losing steam.<\/p>\n
At the time of writing, Bitcoin<\/a> is trading up marginally at its current price<\/a> of $10,560, which marks a slight retrace from its recent highs of $10,800 that were set yesterday.<\/p>\n It is important to note that the cryptocurrency is currently up significantly from its recent lows of $9,400 that were set last week, and that the lower-$9,000 region is a strong level of support for the cryptocurrency that has held strong on multiple occasions over the past several weeks.<\/p>\n The $10,000 region is undoubtedly a pivotal point for Bitcoin, as any decisive break above this region will mark a bullish trend shift, while a sustained break below it will mark the start of a bear trend.<\/p>\n The Cryptomist, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that a break below $10,300 could lead bulls to lose the strength that they recently gained.<\/p>\n \u201c$BTC: 1hr Sym triangle. If bears push down from this and take 10.3k, then I feel bulls could lose a lot of ground they covered earlier on the week,\u201d she explained in a recent tweet.<\/p><\/blockquote>\n $Btc<\/a><\/p>\n 1hr Sym triangle <\/p>\n If bears push down from this and take 10.3k, then I feel bulls could lose a lot of ground they covered earlier on the week<\/p>\n Trade safe loveys pic.twitter.com\/JGhTH5oxMh<\/a><\/p>\n — The Cryptomist (@Thecryptomist) September 5, 2019<\/a><\/p><\/blockquote>\n\n