This past week, we saw a strong upward move in bitcoin price above the USD 8,850 resistance area. BTC/USD even surpassed the USD 9,200 resistance and traded close to USD 9,500. Recently, it started a downside correction below USD 9,000 and it could correct further towards USD 8,550 or USD 8,200.
Similarly, most major altcoins started a corrective decrease, including ethereum, XRP, litecoin,