Bitcoin is in for a rocky week ahead as every indicator appears to support the notion that the crypto will fall through support and test lower levels. There appears a level of realism entering into the market after the failure to surpass 10,000 as trading as resulted in falling to the 9300 level on Sunday, June 14.
The uncertainly still prevails in the market overall. Many see a retrace to lower levels to unleash more support moving forward. A correction appears like the only answer at this point.
There is support at the 9000 level that may hold yet many question how long support will remain. If suppoert does not hold, look for the coin to fall quickly through the 8000 range.
The outcome many seek is support holding and new launching level created.
Having opened the week just shy of the 9800 level and now sitting at the 9300 level the hope is that accumulation will ensue.
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