$9,500 remains the major resistance for further gains.

[crairezx20]

The price of bitcoin was dropped just a few hours ago after hit $9k level same happen yesterday that the price was hit $9k and drop again and bounce back again to a $9k value that I thought that the price will continue and increase until $9500, but the price drop again and stay around $8700-$8900.

Looks like there are big holders waiting to sell their bitcoin if the price hits above $9k expect that the price drop again. Unless if there is a big investor coming these days that can invest a large amount of money to past the $9k level and hit the $10k value or at least hit the $9500 and stay at this level.

Look at the image below looks like someone manipulate the price just now.

[krauzzer02]

This week price is like a hard wall for all of us it mingles with the price between 9100 to 8600 USD, hopefully, the strongholds of the wall will break then the price will flood back to 12k upwards next week, G20's response to the cryptocurrency is a promising one and we need to have a good rebattle for the fudder's who keep flooding the internet with the same statements about negative kinds of stuff and misleading statements.

9000 is the bottom, going lower always bounce back up

That's the bottom line of price this week while last week it dumps for almost 4 to 5K USD, that was some cheap bitcoin and hoping I got some money that time to buy some dips.

[MoonJeina]

BTC has been hovering around $9,000 for a whole day, judgng by the volumes, however, BTC is believed to effectively break $9,000 and test $9,500.

Even if price manages to unlock the area above $9,500, BTC is more likely to correct lower after rally.

Short-term trend seems clear as BTC is believed to oscillate between $8,700 and $9,100 in the coming days with support at $8,700.

When correction is completed, price holds greater chances to keep moving up as strength from bears is weakening. Window for daily traders will be opened every time price corrects lower.

Original by Kuang Ren, translated by AICoin Jami.

Full version: https://www.aicoin.net.cn/article/18038.html

That's right !!
Bitcoin is just scrolling around $9000 and doesn't seem to come above it . If it does it just take a leap again .
People are just so panicked about this thing that they are forgetting that it was about $1500 right around this time last years . Isn't the value $9000 better that that ? Bitcoin is expected to rise again if it just crosses the bar of $12k or more in the coming days.

[faatipoke]

This is correct. Let's call it 10.000 usd and if bitcoin breaks this resistance we will see accelerated increase in price.
This is a huge resistance though, whenever we are close to it, people starts selling because they believe they can buy cheaper. We need good news or we need normie investors to sell all their bitcoins to make another whale pump in the price