Bitcoin Won’t Surge Past $11k Just Yet: Indicators Show Vulnerability to Short-Term Correction

Bitcoin extended its rise towards the $10,500 resistance area against the US Dollar. BTC is now showing signs of exhaustion and it could dip a few points before continuing higher.Bitcoin price is struggling to gain momentum above $10,400 and $10,450 against the US Dollar.
The price traded to a new 2020 high at $10,492 and it is currently correcting lower.
There is a short term ascending channel forming with support near $10,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
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