Here’s How Low Bitcoin May Drop Before It Can Rally Even Higher

To the surprise of some investors, Bitcoin has been able to find some relative stability above $9,500 The cryptocurrency has now been trading above this level for over a day, and bears have not been able to catalyze any type of sharp selloff It now appears that BTC may need to see a pullback before it can push any higher, as buyers seem to be losing their momentum One analyst is closely watching one crucial support level, noting that a dip to here could be all Bitcoin need to continue rallying even higher Bitcoin and the aggregated cryptocurrency market are currently stabilizing following the strong uptrend seen throughout the past few days. Although BTC has been unable to test its high time frame resistance within the upper-$9,000 region, it is showing some immense signs of strength as it gains a foothold above $9,500. This level has been confirmed as resistance…

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