Bitcoin Dips on Profit-taking but Fundamentals Show Its Parabolic Rally is Not Finished

Bitcoin slipped huge a day after enjoying a strong price rally above its key resistance level of $10,000.
The benchmark cryptocurrency was trading at $9,736 early Monday, down 4.35 percent from its Sunday top, according to US exchange Coinbase. Nevertheless, it was still up by more than 36 percent at its intraday low, maintaining the position of one of the best-performing assets of 2020 so far.
Bitcoin in a stable uptrend in 2020 | Source: TradingView.com, Coinbase
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