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