After facing a significant amount of selling pressure that resulted from its recent drop below $10,000, Bitcoin\u2019s bulls have stepped up and are now attempting to push BTC back into the five-figure price region.<\/p>\n
This upwards momentum has been bolstered by a massive BTC buy wall on Binance and a bullish fractal pattern that may suggest that the crypto’s next parabolic movement is imminent.<\/p>\n
At the time of writing, Bitcoin<\/a> is trading up nearly 3% at its current price<\/a> of $9,850, which marks a decent sized surge from its recent lows of nearly $9,300 that were set last week.<\/p>\n Ever since Bitcoin plunged from its 2019 highs of $13,800, it has consistently found strong support in the $9,000 region, and the duration of each dip below $10,000 has been relatively short.<\/p>\n That being said, it is highly probable in the short-term that $10,000 will act as a key resistance level, and any decisive break above this level could lead the cryptocurrency to surge significantly higher, although it still remains unclear as to whether or not bulls currently have enough strength to push the crypto towards other key resistance levels.<\/p>\n Inmortal Technique, a popular crypto analyst on Twitter, mused the possibility of a potentially bullish fractal pattern in a recent tweet, showing that BTC may surge well past $100k in the coming years.<\/p>\n \u201cMake your own conclusion,\u201d he concisely noted while referencing the below chart.<\/p><\/blockquote>\n Make your own conclusion. $BTC<\/a> pic.twitter.com\/DJquNwnaA1<\/a><\/p>\n — Inmortal (@inmortalcrypto) September 1, 2019<\/a><\/p><\/blockquote>\n\n