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Bitcoin (BTC) Price Analysis

• Major resistance levels: $10,000, $10,500, $11,000
• Major support levels: $7,500, $7,000, $6,500

Bitcoin’s price worth started to rise about early trading sessions yesterday from a low point below $8,000 to now hit a resistance around $9,500 mark today. The flagship cryptocurrency is now in a correction moving mote against the US dollar.

Meanwhile, it has somewhat established that between the 9,500 and $9,000 price levels, there seems a start for building a selling wall of the BTC/USD market. Therefore, the bears’ forces expect to come in full form around the resistance level the market hit earlier.