Recap
Bitcoin holds a narrow 900 pip range range of 8647-9538 for 7 days.
Daily Forecast
Bitcoin has minor support at 8970/50 & holding here allows a recovery to strong resistance at 9300/9350. A break above 9400 however targets 9550 before the high at 9755. On further gains look for a selling opportunity at 9950/10000.
Below 8950 is more negative for today & a break below 8750/8700 targets 8500/8450. A bounce from here is possible on the first test but longs are very risky. Eventually a break lower is expected targeting 8150/00 & 8000/7950 then 7700.
