Bitcoin has been holding gains and managed to avert the bear action on Thursday to defend the tentative support at $10,500. Following the recent recovery move from lows around $9,400, BTC/USD broke the resistance trendline at $9,840. Re-energized bulls pushed the price towards $11,000 but hit the brakes around $11,800. BTC has defended the most important zones at $10,500, $10,000 and $ 9,000 supports levels. At press time, Bitcoin has a market value of $10,725 following a 1.39% market change today. We are expecting resistance to build around $10,800 and $10,900 respectively. The Moving Average Convergence Divergence (MACD) is a positive 14.954, confirming the strong bullish grip. The positive divergence signifies the growing energy as buyers prepare to trade. The Relative Strength Index on the daily timeframe relatively inclines upwards; this shows that the buyers are gaining momentum. Bitcoin could also revisit higher levels of around $12,000.