PRICE ANALYSIS BTC/USD
As we can see for the last trading days, the BTC/USD price is traded in the sideways movement where it is of little interest to trade. At the moment, the price is traded in the 9100-9200 corridor when trying to determine the trend gaining volumes if you look at the H4 chart.In my opinion, the following plan model is being built:
Multistage growth model
After trading close to support of USD 9.032, BTC/USD price started a confident recovery model. BTC/USD is now trading above 9150 USD and is approaching the resistance of 9 200 USD which will be passed without any doubt. The main resistance is close to the level of USD 9,300. With a confident passing above this level the price will go higher and can test in the nearest trading sessions 9700-9800 and much higher .
Otherwise, there is a risk of a sharp drop below the support levels of USD 9,032 and USD 9,000. The following main support is at 8800.Option of falling below 8800 is considered as unlikely.
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