Bitcoin stands close to $10,6K after strong Wednesday

Price of bitcoin spiked up to $10 834 on Wednesday

This put away at least some of the concerns that BTC might fall below $8 000 this week. The bullish move lost momentum. A correction came early on Thursday which led to a slight decline in price of leading cryptocurrency which is now around $10,6K. A bearish daily close should not be ruled out.

Cryptocurrency market looks indecisive for last two weeks as BTC price tested bottom line at $9 600 couple times. Conservative traders usually stand by the sidelines waiting for a result until a strong move emerges. A decisive bullish move would have to be above $11K.

BTC dominance is impressive as it reached 71 % on Thursday afternoon. The rest of TOP 10 cryptocurrencies followed BTC with a slight decline between 1 to 2,6 %. Except XMR which recorded a 5,62 % increase in price in past 24 hours. Cards for next week will be dealt during weekend.

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