Bitcoin Price Climbing Back to $9K — Here’s the Key Level to Break

Since making a strong attempt at reclaiming the $9K mark at the start of the month, Bitcoin (BTC) price has pulled back slightly but now trades in a tightening range between $8,662 and $8,946. The digital asset is attempting to retake $9K but continuously receives pushback at $8,969. 

The total crypto market cap chart shows that purchasing volume has ground to a halt and is yet to recover from the onslaught of last week. As shown below, the total market cap found support at $236.9 billion where there is a high volume node and currently the market cap is holding above the 200-day moving average.