Bitcoin Price Key Highlights
Bitcoin price failed to break past the $9,000 level after news of a potential shutdown of Binance in Japan broke out.
However, bitcoin price could still form an inverse head and shoulders pattern, which is a potent reversal signal.
Technical indicators are showing that bullish momentum could stay in play.
Bitcoin price sold off recently but could form a short-term reversal pattern on its 1-hour time frame and draw more buyers back in.
BTC so far bouncing back from the support 8000-8200$ !
Need to hold this position, but anything below this level will be dangerous for market !
It is strong support so it will be difficult to breakdown this level !
and the resistance is around 8800-9200$ which is also a massive resistance!