The world’s leading digital asset is looking for a bullish rally. The leading coin needs some kind of direction to turn itself bullish again. Recently, the price value of Bitcoin managed to break above the $9000 level which is a key support level for Bitcoin.

However, the crypto analysts believe that the key support level of $9k is not enough to start a bullish rally. Bitcoin will have to break the resistance of $9500 if it wants to enter into the bullish zone. According to them, the key level that can help bitcoin to trade in a five-digit mark is $9500.

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Josh Rager says breaking above $9.5k will be the key for bullish continuation

The crypto analyst Josh Rager says that the resistance of $9500 has been a strong resistance level since June 2019. He believes that breaking above this resistance will be the key to the bullish continuation.

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He says that any bitcoin trade will be considered as the short-term trade until the leading asset breaks above the $9500 level.

The $9500 level will invalidate the bearish trend

Another crypto analyst and Twitter user, CryptoCred also sees the $9500 level as an important resistance for Bitcoin. He says that the bearish trend will get invalidated as soon as the leading coin breaks above the $9.5k level.

According to CryptoCred:

“$BTC – Retesting monthly resistance after a weak monthly close. We’re close to bearish invalidation ($9500s reclaim) therefore a good area to do business. My preferred entry would be a deep spike through yesterday’s high (early sellers’ stops) which closes at/below grey box.”

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Bitcoin will not turn bullish as long as it is under $9500 says, Jan Le

The crypto analyst Jan Le says that Bitcoin is not going to turn bullish as long as it is trading below the $9500 level.  However, Jan Le says that if Bitcoin goes above $9250 then the next target for the coin is $9475.

So, looking at what crypto analysts have said, it seems that the resistance level of $9500 is the key factor for Bitcoin to begin a bullish rally. However, Bitcoin will have to break several such resistances in order to reach its all-time high.

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