Bitcoin Price Prediction: BTC/USD Trades with a Considerable Support By Touching the Low of $7,162.40

But, if the bulls show a strong commitment, the price of Bitcoin could rise to the potential resistance levels of $9,700, $9,900, and $10,100. More so, the daily chart reveals that the weak upward momentum affected the Bitcoin bulls, although bears may likely push the price towards $9,000 to increase the chances of a downward scenario which may lead the price to $8,800, $8,600, and $8,400 levels in the next downward period.

Looking at the hourly price chart, we can see that the bearish supply is coming up slowly in the market, but the bulls are also trying to defend the $9,200 supports. However, if the buyers show a strong commitment within the market, we can expect a retest of $9,300 resistance level.

Timeline of Bitcoin