Bitcoin is at the crossroad where long and short traders face off. It is likely major sellers would show up with full force between 10.5-12.0k range, as mid-to-long term trend is still downside. If sellers get the upper hand, they could drive the price down to around 3.8k.
Note
New Update:-As long as price prints below $10,500 on any upmove, downward pressure is still very much active and would continue the gradual move toward 3800.
Note
Is Now the Bull Reversal? Not until we get price to break out from $9995. Until this happens, we are still in bear territory. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.