Bitcoin technical analysis: BTC/USD price subject to a $9000 return
Bitcoin price in the session on Wednesday is trading in negative territory by some 2.15%.
BTC/USD momentum remains tilted to the downside, dropping for the past three consecutive sessions.
The $10,000 price mark is losing much ground, with eyes on a potential return down to $9000.
Pressure remains very much to the south, as the price has been falling for the past three sessions in a row. $12,000 rejection last week was the entry for the bears. The next major area of demand can be observed at $10,00-9000 range.
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The BTC/USD is currently trading at $7,100 (-0.6%). The coin has entered range-bound trading after wild gyrations in the first half of the week. During early Asian hours, the first digital coin is oscillation in a narrow 100-dollar range.
Bitcoin Cash finally let go of the former strong support at $200. The breakdown plummeted below $190 (previous buy zone) and $180. Luckily the buyer congestion at $170 put an end to the declines and kick-started the ongoing bullish momentum.
Ethereum hit the recovery high at $134.50 and resumed the decline. At the time of writing, the second-largest digital asset is changing hands at $127.40, off the intraday low of $125.95.
At the time of writing, TRX/USD is changing hands at $0.0132, having recovered from the intraday low of $0.0129. The 12th largest coin has gained 2.5% since this time on Thursday amid improving sentiments on the cryptocurrency markets.
On thecryptocurrencymarket, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.
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