Bitcoin’s price move put the brake on below the 100-day sliding average, heightening chances of the next future sell-off.
The technical analysis prove no signs of a digital currency easing in bearish selling sentiment, in particular not for the next several days.
The one of the most famous digital currency halted its move below the 100-day moving average after short-term increase over weekend, thus bringing a soft hope for a shift into a bearish trend.
This move could mean, that a balance between purchaser and sellers had all chances to appear amid rope pulling in a range of $9,300 and $9,900.
The longer Bitcoin keeps the resistance level the higher the chance for the next major sell-off as its value continue to be discovered.
Bullish trend will receive the support if during this month a rally follows, or the Bitcoin’s price rises above $10.800.
As for the cryptocurrency rates for first working day are as follows:
Bitcoin gained 1.95 percent, at $9.828 at 12.10 GMT;
Ethereum added 1.03 percent, to $172.06;
Ripple eased by 0.08 percent, at $0.255;
Bitcoin Cash surged by 2.03 percent, to $286,60;
Litecoin weakened by 0.68 percent, to $65.95.