After trading below the USD 8,850 support, bitcoin found bids near the USD 8,550 support area. Recently, it started an upside correction above USD 8,700, but the previous supports near USD 8,850 and USD 9,000 are now (09:00 UTC) acting as key resistances for the bulls.
Similarly, most major altcoins are struggling to recover further above key pivot levels, including ethereum, XRP, litecoin,