Bitcoin [BTC] price turned bullish again on Monday, after fairly negative weekend. However, it’s failure to break above $9000 with a reversal candle on short term suggests that indecision still lingers in the market.
The volume of the buying action is also on the lower side. On the 4-hour chart, the 50-period EMA (Exponential Moving Average) is acting as resistance at the moment. The bottom of the range is around $8421.