Bitcoin Price Prediction: BTC has failed to break higher on three occasions

Bitcoin has been struggling on Monday after another failed attempt to break higher levels.
BTC/USD is currently finding support at the 55 EMA which is doing the job for now.

BTC/USD 1-hour chart

Bitcoin has had another go a breaking through the 10K mark earlier on in the session but once again failed. The only good news for the bulls is the fact that the purple support zone just above 9600 seems to be holding firm.

The aforementioned level also confluences with the 55 hourly exponential moving average (EMA). This could give the zone more gravitas when trying to hold off the bears. Elsewhere, the Relative Strength Index (RSI) indicator languishes at the mid-line lacking any clear direction.

It feels like this the bulls could be given another opportunity but if there is any failure the bears will take hold of the market and the support zones could be tested. The next major support level is the green horizontal line at 9200. That level is closer to the 200 simple moving average and would be interesting to see what happens there.

Additional levels

BTC/USD

Overview
Today last price	9652.82
Today Daily Change	-19.71
Today Daily Change %	-0.20
Today daily open	9672.53

Trends
Daily SMA20	9096.19
Daily SMA50	7842.88
Daily SMA100	7997.17
Daily SMA200	8050.39

Levels
Previous Daily High	9893.74
Previous Daily Low	9324.75
Previous Weekly High	9944.79
Previous Weekly Low	8105.58
Previous Monthly High	9476.83
Previous Monthly Low	6156.67
Daily Fibonacci 38.2%	9676.39
Daily Fibonacci 61.8%	9542.1
Daily Pivot Point S1	9366.93
Daily Pivot Point S2	9061.34
Daily Pivot Point S3	8797.94
Daily Pivot Point R1	9935.93
Daily Pivot Point R2	10199.34
Daily Pivot Point R3	10504.93

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