Bitcoin Price Analysis: Doji on 4H

Bitcoin upward momentum has stalled near $10,350. 

The previous 4H candle is a doji, a product of indecisive price action and suggests bull fatigue. 

4H chart

Alongside that, the MACD histogram is suggesting an ebbing of bull momentum with consecutive smaller bars above the zero line. 

With buyers looking to take their feet of the gas pedal, the cryptocurrency may come off the lofty heights. 

The immediate support is seen at $10,200 (former hurdle), which if breached, would expose the psychological support of $10,000, with an acceptance lower allowing sellers to target the ascending trendline support seen near $9,850 at press time. 

On the flip side, if the bulls manage to cut through the Asian session high of $10,495, more buyers may come into the market and the focus would shift to the resistance at $11,000. 

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