tst643
Long

Bitcoin (BTC) analysis 09 September

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is on its way up since it last touched $9,400 on August 30. The critical level at $10,000 was broken thanks to the huge green candle formed on Monday, September 2. The coin continued its good performance on September 3 when it peaked around the important mid-$10k zone.
Eventually, buyers went out of steam and started loosing their ground, even though the BTC/USD pair peaked at $10,950 on September 6.
I expect another visit to the $10,000 level and most probably $9,700. Depending on the overall crypto market condition in the coming days, we might see another attempt towards $10,400 and $11,000. Pessimistic scenario: $10k is too weak to hold and we see a leg down to $9,100
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