Looking at the chart, it seems like the price could accelerate gains above the $10,000 level. Above this last, the next stop for buyers could be $10,800 and $11,000 in the near term.
•Bitcoin price is trading with a positive bias and it currently placed nicely above $9,500 against the US Dollar.
•There is a major bullish trend line forming with support at $9,600 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
•The pair remains in an uptrend and it may well break the $10,000 level and settle above it.
Bitcoin price is gaining momentum above $9,500 against the US Dollar. BTC/USD is likely to accelerate higher above the $10,000 and $10,500 levels in the near term.
In the coming days, We’ll see some nicely placed prices in the chart.
It looks like these charts were spotted by the Mt Gox trustee team too
, so that they start selling the coins.
The price was really stable for some time but then i knew the price would go down because there was no particular direction and it could not even break the $10000 level and it tried to break a few times and then the Mt Gox took the grand opportunity to liquidate the funds they scammed from the users.