Bitcoin Price Prediction: BTC/USD Bulls Eye $9,700 As The Coin Rebounds From The Early DipAuthor: Azeez MustaphaLast Updated: 17 June 2020 Bitcoin (BTC) Price Prediction – June 6BTC/USD rebounds from the early dip at $9,492 as the buying interest may increase on approach to $9,800.BTC/USD Long-term Trend: Bullish (Daily Chart)Key levels:Resistance Levels: $10,600, $10,800, $11,000Support Levels: $8,600, $8,400, $8,200BTCUSD – Daily ChartBTC/USD is seen struggling hard to recover ground after the early drop to $9,492.07 lows, tracing the broader sentiment across the crypto markets. The bulls are finding some stiff resistance around the $9,665 on the road to recovery. Actually, the path of least resistance appears to the upside in the near-term amid a favorable bullish technical set up.Moreover, in the past 24 hours, the number-one crypto has been fluctuating between $9,400 and $9,800 levels. Looking at the daily chart technically, these two levels will determine the next direction that the coin will follow. In other words, BTC/USD may decline if the $9,400 support is broken while the price will rise if the $9,800 resistance is breached.Furthermore, the bears may take advantage to break the support of $9,500 if the bulls fail to move above the 9-day and 21-day moving averages. Meanwhile, the technical indicator RSI (14) keeps moving in the same direction around 55-level, indicating that an indecisive in the market movement. The resistance levels to watch are $10,600, $10,800, and $11,000 while the supports lie at $8,600, $8,400, and $8,200 respectively.BTC/USD Medium-Term Trend: Ranging (4H Chart)Looking at the 4-hour chart, BTC/USD is seen in the ascending range of the medium-term outlook. But on the upside, if the price remains above the moving averages in the short term, bullish influence could spike and the accrued gains may be trimmed massively.BTCUSD – 4 Hour ChartHowever, the forming rising candle could jeopardize a tentative support level at $9,500. On the downside, the ultimate target is the support at $9,400, $9,200 and $9,000. For now, the best the bulls can do is to hold above the weak support at $9,700 and keep their attention on breaking the resistance at $10,000 and above. The RSI (14) is seen changing trend by moving above 50-level.Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.