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.
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https://www.aicoin.net.cn/article/18038.htmlThat'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.