![06-mm-cryptocurrency_0.jpg](https://steemitimages.com/DQmeLdJCE9Rkv7YNjb5CsuArxBmiFVu2bYT9WCVBj3bU45u/06-mm-cryptocurrency_0.jpg)

Having found weak hands above the $10,200 mark in Asian hours, bitcoin has slipped back into four figures.

![](https://steemitimages.com/DQmRTjtNHRm8R36WR5TDzsXfBZuNMGgGo8ShrmSjP7Jihpn/image.png)

<h3>1-hour chart (volume)</h3>

![](https://steemitimages.com/DQmatECdXGcBsJgcvf9nvf7yp6LeZBd5zgY5YrpAhpoRp5C/image.png)

![](https://steemitimages.com/DQmPogmZZGERBeiyRny4jbkvLU1LgM8AqrXJtWannmCYb1a/image.png)

<h3>1-hour chart</h3>

![](https://steemitimages.com/DQmeFaJa6WL7xNVUyLnsVUxD4WS7CjNL3gnRzfCyqwBYtJg/image.png)

<h3>The above chart (prices as per Coinbase) shows:</h3>

a) Bearish price-relative strength index (RSI) divergence, marked by higher highs on prices and lower highs, and signals the short-term bullish-to-bearish trend change.

b) Rounding top on the RSI, indicating the rally from the Feb. 11 low of $7,857.78 may have found a temporary top above $10,000.

c) The 1-hour 50-MA is curled up in favor of the bulls.

d) Strong support at $9,090 (confluence of the ascending trendline and the Feb. 10 high).

<h3>View</h3>

a) BTC looks could revisit $9,000 in the next few hours as suggested by the topping pattern on 1-hour chart.

b) **Bullish scenario**: A rebound from $9,000 would keep bitcoin in the hunt for $11,000 (inverse head-and-shoulders target), although only a high volume break above $11,300 would revive the bullish outlook.

c) **Bearish scenario**: A daily close (as per UTC) below $9,000 would add credence to the bearish weekly chart and the potential for a stronger retreat to $7,851 (Feb. 11 low).

<h6>[Source](https://www.coindesk.com/pullback-on-the-cards-bitcoin-finds-weak-hands-above-10k/)</h6>

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