FXStreet analyst: BTC's break below $9,100 may trigger a sell-off, with the next focus price at $8,700

FXStreet analyst Tanya Abrosimova issued a statement saying: BTC hit $9,393 on November 2, but failed to break the strong resistance of $9,400. As of the date of publication, the transaction price of Bitcoin was US$9,134, a decrease of 1.3%. Bitcoin is approaching the 200-day Simple Moving Average (SMA200), which is about $9,100. Once it breaks, it could trigger a sell-off. The next focus is $8,700 (the SMA50 and the confluence of the Bollinger Middle Line on the daily chart). Eth's easy-to-hand price was $180.65, a 1.5% drop, below the recent high of $182.04 hit in early Asian markets. Technically, ETH/USD needs to remain above $180 to maintain a long-term bullish bias.