PRICE ANALYSIS BTC/USD
BTC/USD dropped to 8.906 over the weekend, but the pair was bought back and bounced to resistance at 9,120. This means that demand at lower levels is quite high. However, the rebound failed to rise above the resistance at 9.220 and corrected lower.
In the upper part the key resistance remains around 9,300 and in case the price passes confidently above these levels, the price could start a strong increase.
If we look at the lower part, the price is traded around 9,100.If the price moves below 9,000 it may continue to move down to support 8,940-8,900USD.
Day trade range expected minimum : $ 9,225-8,930 by impulse 9,275
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