01-08-2019 08:00 via newsbtc.com

Bitcoin Price (BTC/USD) Correcting Gains, Dips Remain Supported

Bitcoin price climbed higher recently and broke the $10,000 resistance area against the US Dollar.
The price retested the $10,200 resistance area and it is currently correcting lower.
There was a break below a short term ascending channel with support near $10,020 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The price is currently correcting lower, but dips remain supported near the $9,850 and $9,800 levels.Recently, there was a nice upward move in bitcoin price above $10,00
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