Bitcoin gains a modest 1% on Thursday, as bulls are eyeing $9,500-10,000 test again.

MACD on the daily time frame is touching the signal line, possibly indicating the current upside may not be sustained.

The Bitcoin price is seen up marginally on Thursday, as receiving some buying interest at the supporting ascending trend line, that runs from September 2017. There is still a lack of commitment for the time being, across the crypto market.

Latest technical developments suggest the bulls, will have another go at trying to break down the strong supply zone running from $9,500-10,000. On the 24th April, the price failed to progress through this known area of resistance, consequently sent back down south to the ascending trend line.

BTC/USD price is in proximity to the 61.8% Fibonacci, where within recent trading has proven to have cause resistance. If the bullish momentum picks up pace breaking down $9,500-10,000, then the double top at $11,700 will be the next likely target. Worth of note, the MACD on the daily time frame is close to slipping below the signal line, which could indicate this current small upside may not be sustained.