*BTC/USD runs past $9,500 during the early hours of the US and later receded by press time at $9,460
*BTC/USD has attained more than 2.7 percent while Bitcoin’s market share has increased to 66.3 percent
*Goldman Sachs, investment banking giant doesn’t quite recognize Bitcoin to be an asset class as per the latest client phone conversation held by Sharmin Mossavar-Rahmani
BTC/USD Daily Chart
Once the disparity between MA 50 and MA 200 course progresses, greater growth to $10,000 is probable as bulls regain form in the supporting structures. At present, technical indicators point to a trend toward sideways trading. Except for the overbought zone, the RSI is beyond 50. Resultantly, the ascending trendline support still stays intact, suggesting bulls have a medium-term initial advantage.
BTC/USD 4-Hour Chart
The BTC/USD pair is only bullish whilst trading beyond the level of $9,000; the main resistance is seen at the levels of $9,800 and $10,000. Once the BTC/USD pair drops beneath the $9,200 level, sellers may test the support levels of $8,800 and $8,500. The next session is likely to exhibit price fluctuations, particularly with the trend shifting steadily upward.
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