Bitcoin led the cryptocurrency market on Sunday in an unexpected brief rally above the coveted $9,000 for the first time in 2020. The gains extended toward $9,000 but the high achieved was $9,184. Unfortunately, a sharp reversal took place on the same day, pushing Bitcoin remarkably under $9,000. The tentative support at $8,750 did little to cushion BTC against the fall. Instead, Bitcoin extended the losses below the 50 SMA on the 4-hour chart and even tested the next support target at $8,500. At the time of writing, a shallow recovery has occurred, pulling BTC above $8,600. BTC/USD is teetering at $8,647 and facing ... (full story)