Bitcoin Highly Bullish Despite Selloff; Here’s What Could Propel it to $11,000

Bitcoin corrected lower sharply from the $10,500 resistance against the US Dollar. However, BTC is still above the key $9,800 support and it could soon rally again.After trading to a new 2020 high, bitcoin price corrected lower from $10,507 against the US Dollar.
The price declined below the $10,200 and $10,000 support levels.
There is a key bullish trend line forming with support near $9,800 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is well supported above $9,80