An immediate support on the downside is near the $10,130 level. It represents the 50% Fib retracement level of the recent wave from the $9,721 low to $10,542 high. However, the main supports are near the $10,000 and $9,950 levels. Additionally, the 61.8% Fib retracement level of the recent wave from the $9,721 low to $10,542 high will most likely act as a support near $10,035.
On the upside, the price must gain momentum above the $10,400 and $10,500 resistance levels. Moreover, a successful close above the 100 hourly SMA could start a strong rise towards the $10,600 and $10,800 levels. Conversely, if the price starts a fresh decline and breaks the $10,000 support, the next key support is near the $9,800 level.
Looking at the chart, bitcoin price is clearly showing a few positive signs above the $10,000 level. Having said that, the bulls need to gain momentum above the 100 hourly SMA and $10,450 to push the price further higher in the near term.