Bitcoin increasing 4.36% in the last 24 hours. Can you break the resistance of $ 9,000?

Bitcoin, the largest cryptocurrency in the market by volume of trade starts the week with a positive movement that has taken it from $ 8,478 to current levels over $ 8,835, this represents an increase of 4.3% in less than 24 hours.

While this is a good indication that the price could change the trend, we still cannot trust ourselves since the 38% Fibonacci level and pivot point have not yet been exceeded, these are right at $ 8,900 and $ 9,000 respectively. So far we can consider this movement as a simple pullback or correction in the fall.

We need to wait for a consolidation above the levels already mentioned in order to have a clearer signal that the price will end its correction on the 50% average fibonacci level, which is not a very reliable point for trend changes.

If BTC cannot consolidate over $ 9,000 there is the possibility of seeing it again and breaking the $ 8,400, to go looking for levels close to $ 8,000 where we have great support and 61% Fibonacci.