Bitcoin (BTC) Price Target Additional Weakness, Upsides Remain Capped

Bitcoin price declined heavily in the past few sessions below $10,000 against the US Dollar. The price is currently correcting higher after it tested the $9,750 support area. There is a declining channel forming with resistance near $10,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct higher in the short term, but upsides are likely to remain capped near $10,100.

Bitcoin price is back in a bearish zone below $10,250 against the US Dollar. BTC is...

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