Bitcoin is currently holding firm above the psychological level of support at $10,000 despite facing a wall of sell-pressure since the turn of the month.

At the time of writing the worlds largest cryptocurrency by market cap is trading at $10,190 after bouncing from $9,981 earlier today.

While the level of support remains relatively strong, Bitcoin needs to break above $10,600 to trigger a bullish reversal, which would be a continuation of the trend dating back to late July.

However, a distinct lack of trade volume and momentum means that the most likely scenario is a break below $10,000 to test that $9,100 level that suppressed price action for four months between April and July.

BTCUSD chart by TradingView

Falling to this point certainly isnt as bearish as some might think, as these levels didnt get a bullish re-test following the breakout in July.

From a macro perspective Bitcoin closed its highest weekly candle since January 2018 last month, which suggests that a significant rally by the end of this year is still on the cards.

If it can continue to consolidate above $9,100 over the coming weeks it would add emphasis to the bullish narrative, which ties into the recent block reward halving and flailing US Dollar.

Another pivotal point to look out for is the daily 200 exponential moving average, which is currently residing at $9,670. This has been a notable point of support and resistance throughout Bitcoins lifespan, thus providing an important spot for a bounce.

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Current live BTC pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Bitcoin price. Pricing is also available in a range of different currency equivalents:

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In August 2008, the domain name bitcoin.orgwas registered. On 31st October 2008, a paper was published called Bitcoin: A Peer-to-Peer Electronic Cash System. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are.

The paper outlined a method of using a P2P network for electronic transactions without relying on trust. On January 3 2009, the Bitcoin network came into existence. Nakamoto mined block number 0 (or the genesis block), which had a reward of 50 Bitcoins.

If you want to find out more information about Bitcoin orcryptocurrenciesin general, then use the search box at the top of this page.Heres an article to get you started.

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice.

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Latest Bitcoin price and analysis (BTC to USD) - Yahoo Finance