BTC/USD: Is the Price Blast to $9,400 Going to Happen This Week?

A narrow trading range has formed on the 15-minute chart with support at $9,160 and an upper border of $9,300. All attempts by the price of Bitcoin (BTC) to rise above $9,360 were unsuccessful. Similar false exits from the sidewall previously ended with the formation of new lows. The most likely mid-term scenario is a fall to $8m500 and the formation of a new trading range of $8,500- $9,000.