Bitcoin Consolidates Slowly Above $9,200, Poises for Massive Move Soon

Bitcoin bulls have continued to hold the $9,000 and $9,100 support as the king coin consolidates slowly above the $9,200. On the other hand, if price fails to break the $9,300 resistance, the bears will revisit the $9,100 support.

In the meantime, Bitcoin is in deep consolidation as the price action is represented by small body candlesticks. These support levels provide the bases for the upside range trading where price fluctuates between $9,300 and $9,800 to retest the overhead resistance.

Timeline of Bitcoin