After an impressive performance over the past two weeks, (BTC) price appears to be taking a breather which on Feb. 7 saw the price trade in the $9,730 to $9,800 range. The weekly high at $9,910 appears to be standing as resistance and the price traded sideways under this level throughout the day.
So far, $9,730 has functioned as a level of support and a pullback below this point could see the price drop slightly below the Bollinger Band moving average at $9,450 and below this, the 6-hour chart shows the possibility of a bounce at the 50-day moving average ($9,350).
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Source: Cryptocurrency - investing.com
