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PRICE ANALYSIS BTC/USD

BTC/USD dropped to 9.161 over the weekend, but the pair was bought back and bounced to resistance at 9,380. This means that demand at lower levels is quite high. However, the rebound failed to rise above the resistance at 9.400 and corrected lower at 9.300.
In the upper part the key resistance remains around 9,550-9,600 and in case the price passes confidently above these levels, it may rally to $10,020, with a possible move to $10,350-10,400.
If we look at the lower part, the price is traded around 9,300.If the price moves below 9,300-9,250 it may continue to move down to support levels of 9,068 and 9,000 USD. Any further impulse losses may lead to 8,800 USD.

BTC/USD H1 chart

Day trade range expected minimum : $ 9,200/50 – 9,440/80

all trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use .

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