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Bitcoin Price Holds Strong Above $9,200: A Strengthening Case for Upside

Bitcoin is trading nicely above the $9,200 and $9,000 support levels against the US Dollar. BTC is rising and it could gain bullish momentum if there is a clear break above $9,550.

 ▪ Bitcoin is trading in a positive zone above the $9,400 and $9,200 support levels.
 ▪ An immediate hurdle is near the $9,550 zone, above which it could revisit $10,000.
 ▪ There is a key bullish trend line forming with support near $9,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
 ▪ The pair could either rally above $9,550 or start a major correction towards the $9,000 level.

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