Bitcoin Market Outlook: BTC/USD is ready for the final climb above $10,000

Yesterday, on June 10, Bitcoin attempted to crack $10,000 before yet another rejection, not as steep as the others.
Things are looking better for the BTC/USD pair and another try at $10,000 is on the horizon.

Bitcoin is trading at around $9,800 after the small rejection but has defended the important daily 12-EMA at $9,701 and it’s getting ready for another attempt at cracking $10,000. This time around, things are looking better as Bitcoin is far closer to $10K already. On June 1, Bitcoin was trading as low as $9,416 before the leg up above $10,000 and most of the move happened within one hour, not a healthy climb.

Why is Bitcoin better suited to beat $10,000 now?

Not only BTC is closer to the infamous $10K level but also the daily uptrend is quite strong even though Bitcoin has been trading sideways for a while. Bulls defending the daily 12-EMA almost for two weeks indicates there is a lot of interest in buying Bitcoin.

Major trust fund Grayscale is also still buying an enormous amount of Bitcoin and most of the long-term fundamentals are positive for the top-ranked digital asset. According to Glassnode, the balance of Bitcoin on exchanges continues to drop and has seen a huge decline in the last three months and a half. This metric also indicates that there is a lot of interest in at least holding Bitcoin.

BTC/USD daily chart

BTC/USD technical levels

BTC/USD

Overview
Today last price	9747.36
Today Daily Change	-146.29
Today Daily Change %	-1.48
Today daily open	9893.65

Trends
Daily SMA20	9492.69
Daily SMA50	9100.86
Daily SMA100	7970.12
Daily SMA200	8147.31

Levels
Previous Daily High	10007.88
Previous Daily Low	9692.19
Previous Weekly High	10404.88
Previous Weekly Low	9279.17
Previous Monthly High	10074.48
Previous Monthly Low	8105.58
Daily Fibonacci 38.2%	9887.29
Daily Fibonacci 61.8%	9812.78
Daily Pivot Point S1	9721.27
Daily Pivot Point S2	9548.88
Daily Pivot Point S3	9405.57
Daily Pivot Point R1	10036.96
Daily Pivot Point R2	10180.27
Daily Pivot Point R3	10352.66

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