The bitcoin-to-dollar exchange rate touched $9,388 at 0600 UTC - its highest since May 30 - on San Francisco-based cryptocurrency exchange Coinbase. The move brought the pair’s net rebound gains close to 200-percent, including a 154-percent since 2019 open alone. It further prompted bitcoin’s market capitalization to jump above $165 billion. At its highest, the cryptocurrency’s net valuation was more than $327 billion.

The steady uptrend in the bitcoin market has coincided with notable volume growth. According to CoinMarketCap’s 24-hour adjusted timeframe, exchanges have hosted about $23.156 billion worth of BTC-enabled trading activities. Meanwhile, the top cryptocurrency trading platforms known to offer “real” transactional data have witnessed about $1.5 billion worth of BTC volume.

Bitcoin is trading at $9,317 after the break at $9,000. The next resistance target lies at $9,400 but analysts say that BTC/USD likely move next is to retrace under $9,000 and even test $8,500 before reversing the uptrend towards $10,000. f technical levels remain as they are now Bitcoin is poised for shallow gains before a correction. Besides, if it breaks above $9,400, we could see another rally towards $9,800 as predicted by a Fundstrat analyst.

Bitcoin is now trading at around $9,180 after rebounding from $8,900, the daily long opening, which has propelled buying pressure towards the $9,500 resistance. Should the bears step back into the market, the $8,500 level may offer support for the market. As of now, Bitcoin trading has remained intact in an ascending channel pattern.

Now that bullish sentiment as enveloped the crypto market it once again, and Bitcoin inches closer to $10,000 - an important FOMO trigger - Tom Lee is back to making bold calls about the leading crypto by market cap, and believes that the digital asset will trade between $20,000 and $40,000. Once $10,000 is broken above again, Lee expects a similar reaction to what occurred during the highly-publicized meteoric rise of 2017. Around Thanksgiving that year, Bitcoin passed $10,000 as families talked during family dinners.

The zone between $10,000 and the resistance line of the ascending channel is a stiff hurdle to cross but with momentum backing the BTC/USD pair, a rally to $12,000 is possible. There is nothing negative on the charts that suggests that the rally will stall at the resistance line of the channel. Contrary to our assumption, if the bears defend the overhead resistance zone, a fall to the 20-day EMA is possible. This is likely to act as strong support, but if it cracks, the next support is at the 50-day SMA. A breakdown of $7413.46 will change the trend from bullish to bearish.

Many traders will be looking to take some profits off the table now, but it's worth remembering that last time bitcoin's price broke through $10,000 it then hit its all-time high of nearly $20,000 just 16 days later.

Bitcoin is just 25% in the current bull cycle until the price of bitcoin hits its next peak, the cryptocurrency still has a lot of room for growth. However, there will be a resistance at $11,700 as the price of bitcoin tends to rally for five weeks before hitting the breaks. The current rally is supported by both fundamental and technical factors, and there is enough evidence to suggest that the huge price targets being doled out by bulls are more than just wild fantasies.

An immediate resistance is near the $10,900 level. It coincides with the 50% Fib retracement level of the recent decline from the $11,293 high to $10,523 low. Therefore, if there is an upside break above the $10,900 level, the price could even climb above $11,000. The next key resistances are near the $11,200 and $11,250 levels, above which the price might climb towards the $11,500 level.

Bull candlesticks are banding along the upper Bollinger Bands setting the pace for further gains. Technically-and in light of the hype element, every low is an entry point. Safe stops would be on June 23rd low of around $10,100. Meanwhile, fitting targets is at $12,000 and later $15,000. From June 19th, trading volumes rose from 19k, peaking on June 23rd at 38k before halving to 17k. Even so, as bulls flow back, prices and trading volumes shall spike as every dip becomes a loading point for traders.

Resistance from $11,500 through $12,000, with key areas around $11,700 offer the final nail in the coffin for the bear market. With so little resistance above this area, Bitcoin should - as one-half to $15,000 soon.

Bitcoin broke the $12,000 level earlier today and has continued surging to trade at $13,252. Bitcoin gained over 16% on the day. Today, Bitcoin's market dominance climbed to over 60% for the first time since April 2017. Its recent rally has caused a stir in the crypto community wherein some of its players have made predictions on its further price dynamics. BTC prices could match its all-time high of $20,000 within the next two weeks and could hit $50,000 or $100,000 by the end of the year.

The size and the speed of the rally was unsustainable and the size and the speed of the correction was even worse. But what something like that just does is it shakes out the weak hands and reminds people that there's risk. This is a healthy movement in something that's gone as far as it is. This is what has to happen. I think it could easily gather itself above the $10,000 level and resume what it was doing before.

The disparity in sentiment continued, as price dipped briefly back down into four figures, the CSO of Binance was predicting a rally to $100k. Thankfully that dip didn’t last long, and Bitcoin price seemed to find a floor at $10k. In fact, if this might be the last opportunity to ever buy Bitcoin for less than $10,000.

With $13,000 as the new psychological barrier to the bull run, anything below it now is bear territory, and bulls will need to stay on their toes. However, if a deeper correction follows here, it could be considered extremely healthy for the first ever crypto asset.

If there is confirmation of last week’s three-bar bear reversal pattern with high trading volumes exceeding 299k, BTC will likely slump to $5,500 as aforementioned. Similarly, the rejection of lower prices with equally high trading volumes blasting past $14,000 will reveal buyers and Q2 trend continuation with first targets at $15,000 and later $18,000.

As the week continues on and as analysts gain greater insight into whether or not this latest price surge is sustainable, it is highly probable that it will grow clearer as to whether or not Bitcoin will trade bullishly or bearishly in the near-future.