After a downside correction, bitcoin price found support near the USD 9,300 level. BTC is currently recovering and trading above the USD 9,550 level. The first major resistance is near the USD 9,800 and USD 9,850 levels. A clear break above the USD 9,850 level could start a fresh upward move towards the USD 10,000 and USD 10,200 levels.
Conversely, there is a risk of a fresh decline if the price fails to continue higher above USD 9,800. On the downside, the first major support is near the USD 9,550 level, below which the price might revisit the USD 9,300 level.
