Bitcoin Price Analysis: BTC/USD runs out of steam as it nears the $9,500 level
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- BTC/USD recovery begin to falter ahead of key resistance level.
- The Elliott Oscillator has had five straight red sessions.
- The 20-day Bollinger jaw has narrowed, which indicates decreasing price volatility.
BTC/USD daily chart
BTC/USD dropped a bit from $9,320 to $9,303 following a hugely bullish Wednesday. The Elliott Oscillator has had five straight red sessions, while the MACD shows sustained bearish momentum. The 20-day Bollinger jaw has narrowed, which indicates decreasing price volatility.
The price faces two resistance levels on the upside at $9,500 and $9,735. On the downside, there are two healthy support levels at $8,815.35 and $8,214.40.
Key levels
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