Bitcoin followed our initial scenario and reached $9000 point, here we again see a bounce on volume chart and the stop of the price. Moreover, at the moment we can see a descending reaction, after unsuccessful tries to break $9000.
If the price breaks $9000 level, we should see a continuation of the pump to the $9400 - $9600 points. If the price breaks through the $8550 support, it means that the wave 4-5 was absorbed and we can easily reach $7700.
Now the market is looking for the reversal point at $9000 - $9200 - $9500. Ideally (for MM) is to drag the price upward to $10000, break this level and then reversal at $10200, where everyone will LONG. However, this option is very less likely to happen.
