Bitcoin has been quite corrective and volatile with the recent price action, which is currently expected to push lower towards $8,500 before pushing up higher with target towards the $10,000 price area in the coming days. Though the price has been quite corrective but remaining above $9,000 is a sign of bulls momentum in the market, which may lead to further bullish pressure in the future as well. After the positive fundamentals published recently including the transaction cost and speed of bitcoin, certain market participants were attracted but the inability of the buyers to push the price higher with certain impulsive momentum raises a question about the reliability of the bullish trend pressure in the market. As of the current scenario, the price is expected to push lower towards the $8,500 area where the Kumo Cloud support also lies and from where it is expected to push higher towards $10,000 in the coming days. As the price remains above $8,000 with a daily close, further bullish pressure is expected.
