Bitcoin Weekly Chart May Point to Covert Bullishness

After incurring a sudden influx of buying pressure yesterday that sent Bitcoin’s price surging past $10,400, the crypto’s bulls were unable to perpetuate this momentum, which has since led BTC to retrace back towards the lower-$10,000 region.
Analysts are noting that Bitcoin may still be gearing up for a bullish movement despite its seemingly bearish price action in the near-term, but its reaction to the $10,500 level will be key for verifying this potentially covert bullishness.
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