Previously, the bitcoin price fell by nearly 10 percent after the sell off of Mt. Gox trustee funds on cryptocurrency exchanges. That time, the Bitcoin price dropped from $9,800 to $8,800 within a single day. Over the past 24 hours, the Bitcoin price only dropped by $400 after testing $10,000, which shows that Bitcoin has gained stability in the $9,500 region and is capable of bouncing back following large sell offs.Both exponential and simple moving averages show a healthy short-term trend for bitcoin, demonstrating a strong buy signal.