The price is now showing a lot of positive signs and it recently climbed above the $10,000 level. The next resistance is seen near the $10,579 swing high.
Any further gains could lead the price towards the $12,100 resistance level. The main target for the current wave could be near $13,000 since it is close to the 1.618 Fib extension level of the last key decline from the $10,579 high to $6,423 low.
The recent break above $9,500 and $10,000 was significant. It has opened the doors for a larger rally towards $11,500 and $12,000.
Therefore, the chances of a downside correction are very less. An initial support is near the $9,600 area (the recent breakout zone). Any further losses may lead bitcoin price towards the $9,000 support area.
Source: 猫でもわかる 秘密の英語勉強会