Bitcoin Above $10,200 Make Case For Larger Rally In Steep Short-Term Reversal

Bitcoin started a sharp increase above $9,800 and $10,000 against the US Dollar. BTC is currently consolidating and it could soon rally above $10,200 for the next bullish wave.Bitcoin price is showing positive signs above the $10,000 pivot level against the US Dollar.
A new intraday high is formed near $10,279 and the price is currently correcting lower.
There is a key bearish trend line forming with resistance near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
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