A quick update: Since the news regarding Ethereum’s SEC spotlight that ETH is a security, it seems that the positive momentum has changed.
Bitcoin has reached the remarkable $10K mark and from there dropped rapidly, and testing the $9,400 support area and more important the %61.8 Fibonacci retracement level. Breaking down from here will send Bitcoin to test the $9,000 support area, and way behind $8,400-$8,600 strong support from last week. Stochastic RSI is at its lows, so BTC might correct up before continue the way down. From above, there are the $9,800 and $10,000 resistance levels.
BTC/USD BitFinex 4 Hours chart
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