Bitcoin Price Analysis: What BTC/USD needs to reclaim the ground above $10,000?

Bitcoin resurfaces above $9,800 following a steady recovery from lows of $9,500.

Bitcoin is technically ready to pull towards $10,000 but the momentum indicator shows that fundamentals are not supporting.

Bitcoin bulls fight the effects of the price sliding below a rising wedge pattern. Recovery from lows at $9,500 has been steady. However, the momentum appears to have fizzled out at $9,800. The possible cross of the 50-day SMA above the 200-day SMA could further cement the bulls position and influence over the price. In other words, bitcoin still has the potential to return above $10,000.

Bitcoins immediate upside is capped by the 100SMA while the 50SMA will stand in the way of gains above $10,000. The slow stochastic oscillator suggests that the bulls are back in action. However, the momentum indicator signals that they still lack enough power to pull towards $10,000.

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Bitcoin lived through a horrible week. Since last Friday the first digital coin lost over 38% and at some pint tested area below $4,000. At the time of writing, BTC/USD is changing hands at $5,600, which is 18% higher from the beginning of the day.

Ripples XRP recovered from the intraday low of $0.1129 to trade above $0.1600 at the time of writing. The third-largest coin has gained over 15% since the beginning of Friday, though it is still down 12% on a day-to-day basis.

Ripple price is having a hard time holding onto the subtle gains accrued after the gruesome Thursday and the Asian session on Friday. The third-largest cryptocurrency commenced the session on Friday at $0.1388. It nosedived to …

Bitcoin Cash price is working hard to capitalize on the unusual calm across the cryptocurrency market following 24 hours of mayhem. The volatility in the market has had far-reaching effects with major coins such and Bitcoin (BTC) and Ethereum (ETH) nosediving under $4,000 and $100 respectively.

Bitcoin lived through a horrible week. Since last Friday the first digital coin lost over 38% and at some pint tested area below $4,000.

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