For the second fourth dimension this week, Bitcoin (BTC) bulls take protested against any attempts to push the digital asset below the $9K mark. Earlier today, the price dropped slightly beneath $ix,200 but the pullback stopped right at the January. xix high at $9,198 earlier reversing to surge higher on a high volume spike.

Bitcoin daily price chart. Source: Coin360

Bitcoin daily cost chart. Source: Coin360

The move to $9,530 set up a daily higher high for the third fourth dimension this week and traders will note that purchasing volume is also rising college each day which are all signs that the asset is in a strong bullish tendency.

BTC USDT 6-hour chart. Source: TradingView​​​​​​​

BTC USDT 6-60 minutes chart. Source: TradingView

On the shorter time frame, one can meet that the pullback to $9,194 led the price to touch the $9,190 support where the cost had bounced twice before further continuation to $ix,530 occurred.

BTC USDT 1-hour chart. Source: TradingView​​​​​​​

BTC USDT 1-hour chart. Source: TradingView

The relative strength index (RSI) has popped into overbought territory on the four-hour and daily timeframe and there is also a tweezer pinnacle on the 1-hour chart. This suggests that the price may pull back for a brief consolidation, but there too appears to be plenty of need and support at $9,366. Furthermore, this week $9,200 has proven to exist a decent level of support.

BTC USDT daily chart. Source: TradingView​​​​​​​

BTC USDT daily chart. Source: TradingView

Meanwhile, on the daily timeframe, the moving boilerplate convergence divergence (MACD) histogram shows increasing momentum and the point line continues to rising, nearly reaching its previous Jan. 18 high at 400.

In the consequence that $9,200 gives fashion as back up, the toll could drop to the 200-daily moving average (DMA) at $8,900, a level that the book profile visible range (VPVR) too shows as a bespeak of interest to traders.

On the bullish side, if traders can concur the price above $nine,500, the VPVR shows a volume gap from $9,418 to $10,166. If buyers pace in to provide consistent volume, we could encounter the price rise to $ten,166 over the short term.

Bitcoin daily price chart. Source: Coin360Bitcoin daily price chart. Source: Coin360

The overall cryptocurrency market cap now stands at $261.ane billion and Bitcoin's dominance charge per unit is 66.1%. A handful of large-cap altcoins also mirrored Bitcoin'southward gains. Most notably, Litecoin (LTC) rallied 12.96% and EOS is up by 6.44%. Tezos (XTZ) besides posted an impressive 6.60% proceeds.

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