Further Development
Analyzing the current trading chart of BTC, I found that there is potential for the downside movement again towards the $9,700.
Key pivot resistance is set at the price of $11,150. I would watch for selling opportunities on the rallies with the downside target at $9,710
Additionally, there is divergence on the Stochastic oscillator, which is good sign that buyers are losing power.
Key Levels:
Resistance: $11,150
Support levels: $9,710