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Bitcoin (BTC) bulls in an attempt to hold $9,000

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Bitcoin formed its third consecutive green candle on the daily chart on Sunday, October 27 and moved up to $9,550 closing the 7-day period with a 16.5 percent of increase.
The BTC/USD pair opened the new trading period on Monday, October 28 with a slight correction. It erased 3.4 percent of the total capitalization and dropped to $9,222 even though bulls were able to push the price up to $9,946 during intraday.
On Tuesday, October 29, the coin recovered for the loses registered during the previous session and closed at $9,420. It was already obvious that neither bulls nor bears were able to for a definitive trend and the levels near $9,000 will be crucial for the mid-term.
The mid-week session on October 30 was no different as sellers temporarily took over control and brought the most popular cryptocurrency back down to $9,154. This time, however, they were able to briefly break below the $9,000 support.
Holding $9,000 and then moving up to mid-$9,000s will be crucial for the mid-term move. Bears, on the other hand, will be looking to push below the mentioned support and revive downtrend.
To me, it looks like we can expect another drop to $8,400 in the next weeks if no sudden spike in volume is observed.

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