Bitcoin is currently correcting itself above the $9,000 price area which is expected to push higher towards the psychological price area of $10,000 in the coming days. The recent Bitcoin network and transaction cost, improved development and an increase in the transaction speed have lead the demand of Bitcoin to rise in a good pace which is expected to push the price much higher than $10,000 in the future. The appreciation in the value of Bitcoin is quite as expected, having better fundamental aspects, increasing the demand of Bitcoin along the way. As of the current scenario, the price is residing above the Kumo Cloud along with confluence from the dynamic levels of Tenkan, Kijun and 20 EMA as well. The market is currently in a bullish bias and expected to continue to push higher as the price remains above $8,500 with a daily close.
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