With only 2 days left until the block reward halving Bitcoin (BTC) reached $10,000 for the second time in 24-hours. Data from Cointelegraph Markets and CoinMarketCap shows the largest digital asset by market capitalization is struggling to stay above the $10K handle.

A few hours ago the price lost momentum and the dropoff in purchasing volume broke the pattern of higher lows, causing Bitcoin to drop below the pennant seen on the hourly and 4-hour time frame.

$9,300 BTC price incoming?

Since April 29, Bitcoin’s price has gained 30%. This also means that since the Black Thursday crash the price has rallied more than 160%. Thus, a pullback to retest lower support would be perfectly natural, and if not for the upcoming halving, traders who bought at $3,750 and $7,600 would already be itching to take profits.

In the event of a pullback below $9,800, the $9,400-$9,300 zone is where the price is expected to find support. The $9,400 level is aligned with the 20-MA and the long-term descending trendline.

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見全文： cointelegraph

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