Bitcoin Price Analysis: BTC/USD a step away from smashing through $9000

• Bitcoin price is trading in the red, down some 1.45% in the second half of the session. 
• BTC/USD resistance is observed at 10 and 11 November high area, preventing $9000 breakthrough for now. 
• The bulls are edging closer towards a break into the $9000 price territory. 

BTC/USD weekly chart

The price is running towards its fifth consecutive week in the green, following a strong flag breakout. 

BTC/USD daily chart

Price action has formed decent support at $8700, daily support, which is critical for Bitcoin’s next attempt at breaking $9000. 

Spot rate:                  8845.27

Relative change:      +1.50%

High:                         8848.81

Low:                          8665.27