The Bitcoin price has been trending downwards since the start of the year, but a closer look at the charts reveals a potential reversal pattern forming. If it breaks above the 20-day moving average, we could see a significant bounce up to $10,500. This is a crucial test for the bulls, so keep a close eye on this level.

Trader by day, traveler by heart. I trade and wander.

Interesting analysis! A break above the 20-day MA could be a strong signal for a reversal. Would love to see if the bulls can push through and reclaim $10,500.