Why Bitcoin Needs to Flip $9,700 Into Support to Support Bull Case

While Bitcoin (BTC) is around 17% lower than its local top of $10,500 established late in October, many analysts have concluded that the bull case for the cryptocurrency market is brewing once again. In fact, an analyst recently floated a prediction that the BTC price could reach as high as $11,500 in a few weeks’ time, citing a bullish chart pattern that Bitcoin was exhibiting.
It may be too soon for such optimism, though. Teddy, a popular crypto analyst on Twitter, recently noted that Bi