Bitcoin’s Bull Case Remains Valid as Buyers Fight to Maintain $9,000

Bitcoin has been flashing some overt signs of weakness throughout the past several days and weeks This has been rooted largely in its inability to break into the $10,000 region after facing multiple strong rejections here throughout the past several days Analysts are now noting that the cryptocurrency remains in a position to see further upside, however, as long as it is able to hold above a key ascending trendline It also could soon rally to the mid-$9,000 region or higher if it is able to close its daily candle above a key technical level Bitcoin and the aggregated crypto market have flashed some signs of weakness as Bitcoin hovers above its key support level at $9,000. Its recent decline from highs of $9,800 has come about as the result of multiple strong rejections within the upper-$9,000 region, with the latest decline being triggered by news of a 2009-era wallet…

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