BTCUSD remains under pressure.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
after struggling with 10500 level the price couldnt break out te resistance. now we are waiting for a rejection from 9700-9900 level.
rejection from this level can trigger the price to reach 8700 support level .
@ssari, my gut feel, 8900 range. Not much off yours
Lirshah ssari
@ssari, in your chart , the rsi has broken previous level. it means short outlooks are being built. anyway we should look forward...
ssari Lirshah
@Lirshah, it hasn't. The red section is meant to indicate the zone between bullish and bearish. Look at the circled points, they are at a specific RSI level, and today's RSI has not past it but slowly approaching it...soon to reverse trend like the others. As its a daily chart, its not easy to forecast when, but its close....week or two?
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