Compared to the price action of the previous ii weeks, this weekend has been relatively relaxed for Bitcoin (BTC) traders. On Sat the price came within $10 of $10,000 before pulling back to $9,794 and at the time of writing the price continues to meet resistance at $9,900.

Crypto market daily price chart. Source: Coin360

Crypto market daily cost chart. Source: Coin360

On the 6-hour timeframe, the volume profile visible range (VPVR) shows the price rejecting at the high volume node at $9,883 just at the same time, we can encounter that purchasing volume is beginning to outpace selling book.

Despite the inability to hold above $9,900, the shorter timeframe also shows Bitcoin cost painting college lows since the drop on Feb. 19 to $ix,352 and the cost is also holding well above the xx-MA of the Bollinger Bands indicator.

A high volume surge could easily push the price to the upper Bollinger band arm at $x,126 but Bitcoin would nevertheless have some challenges ahead.

BTC USDT 6-hour chart. Source: TradingView​​​​​​​

BTC USDT vi-hour nautical chart. Source: TradingView

If Bitcoin can hold the $ix,850 support and push above $ix,883, we could see the price rise to $10,200 every bit information technology is currently sandwiched between VPVR nodes at $x,210 and $nine,892.

In an earlier assay, Cointelegraph contributor Keith Waring explained that $10,000 is a less important level to attain when considering that a significant resistance at $10,300 awaits.

Waring too notes that fifty-fifty though Bitcoin'southward electric current setup strengthens the probability of the price retaking the $10K marking, the CME close at $9,740 on February. 21 ways traders believing in the CME gap narrative will hold their powder with the expectation of the cost revisiting the gap.

BTC USDT daily chart. Source: TradingView​​​​​​​

BTC USDT daily nautical chart. Source: TradingView

Meanwhile, crypto analyst Micheal Van De Poppe has taken a more bullish point of view, tweeting the above chart and saying:

"Retest done. As long as this level remains back up, I'chiliad expecting continuation towards $11,000 / $11,600."

BTC USDT daily chart. Source: TradingView​​​​​​​

BTC USDT daily chart. Source: TradingView

At the fourth dimension of writing, Bitcoin toll continues to push along the descending trendline at $9,989. A break to a higher place this trendline would put the price above the VPVR high book node at $9,892 and closer to the 61.8% Fibonacci retracement. This would besides strengthen the possibility of Bitcoin taking out the previous daily loftier at $10,250.

The daily relative strength index (RSI) is also making its way out of neutral territory as it currently climbs higher up 55. Another positive sign is the daily moving average convergence divergence (MACD) histogram painting a shorter, pink bar which shows selling is abating as balderdash volume increases.

For the short-term, we will look for Bitcoin cost to push to $10,200 and watch to encounter if the digital asset can reclaim this resistance equally support as this would set the toll upwardly for another go at $ten,300. In the event that the price does drop to fill up the CME gap at $9,740, traders volition likely view this equally a purchasing opportunity since Bitcoin has found support at this cost since Feb.7 and below $9,740 there has is also support at $ix,450.

The views and opinions expressed hither are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves gamble. You should conduct your own research when making a determination.