BTC/USD: Can the Resistance at $9,400 be Reached Soon?

On the daily time frame, the situation is vice versa. The trading is taking place within the descending channel and a possible rise to $10,000 might happen if Bitcoin (BTC) retests the $8,900 mark. It may happen until the end of July, however, if bears push it below $8,500, the growth scenario will be cancelled.