Price is trading at $10,255 on Coinbase's GDAX exchange but runs into resistance levels
Bitcoin slumped back below $10,000 in the last few days but caught a bid in trading yesterday in a run up to test waters above $10,000 again.
The upside move right now appears to have stalled at the 23.6 retracement level at $10,378 as well as the 200-hour MA sitting at $10,356. The big yesterday appears to have come from news that Circle - a company partly backed by Goldman Sachs - has purchased US cryptocurrency exchange Poloniex.
At the moment, price is still caught in cross-hair between the 100 and 200-hour MAs, awaiting the next move. Support to the downside remains near the 38.2 retracement level - just under $9,500.
