Bitcoin (BTC) has now broken the $ 9,000 mark for the second time in the past 24 hours. On Saturday, the bulls initially raised the market-leading cryptocurrency to $ 9,010 before dropping back to $ 8,800 support. In the meantime, however, the 9,000 hurdle has been overcome again.
As a result of this jump, Bitcoin has climbed to a high of $ 9,200, with the price currently leveling off at $ 9,100. The cops are now trying to consolidate this area as support.The price chart shows that the recent jump was accompanied by a spike in the purchase volume, although the volume has now decreased to a lower value.
More positive Scenario
A more positive scenario, on the other hand, would be that Bitcoin could crack the resistance at $ 9,200 and then take advantage of a small gap in the Volume Profile Visible Range (VPVR), which could catapult the cryptocurrency between $ 9,176 – 9,486 .However, a negative scenario is also conceivable, because if the price drops below the 20-MA and the $ 8,685 mark, a fall to $ 8,400 could be the result.