Bitcoin is struggling to find a directional bias as volatility surrounding the number one cryptocurrency falls towards the lowest levels of 2020 so far. If bulls repeatedly fail to move price above the $9,250 resistance level then selling pressure will start to resume. If the $9,000 support level is broken with conviction them BTCUSD pair could start to drop back towards the $8,400 level.
The BTCUSD pair is only bullish while trading above the $9,250 level, key resistance is found at the $9,400 and the $9,800 levels.
If the BTCUSD pair trades below the $9,250 level, sellers may test the $8,800 and $8,400 support levels.
