Bitcoin Price Prediction: BTC/USD Bulls Eye $9,700 As The Coin Rebounds From The Early Dip
BTC/USD is seen struggling hard to recover ground after the early drop to $9,492.07 lows, tracing the broader sentiment across the crypto markets. In other words, BTC/USD may decline if the $9,400 support is broken while the price will rise if the $9,800 resistance is breached.
The resistance levels to watch are $10,600, $10,800, and $11,000 while the supports lie at $8,600, $8,400, and $8,200 respectively. For now, the best the bulls can do is to hold above the weak support at $9,700 and keep their attention on breaking the resistance at $10,000 and above.