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PRICE ANALYSIS BTC/USD

During the last few days bitcoin price has been moving very hard to the resistance around USD 9,850.
BTC/USD, trying to overcome the resistance of USD 9,850, at the time of writing the bitcoin price is trading in the range. BTC remained well above support levels of USD 9,650 and USD 9,550. On an uptrend, the first obstacle is close to the USD 9,850 area. The main resistance is still close to the level of 10,000 USD, if passed above which the price can break through up and start moving to the area of 10,200/ 10,400 USD .
If no break-up occurs, the price is likely to start a significant drop below the support levels of 9,650 USD and 9,550 USD in the near time.

BTC/USD H1 chart

Day trade range expected : $ 9,630 – 9,850

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