Former Wall Street trader Tone Vays said Bitcoin has significant resistance between $ 9,700 and $ 10,000. Near this price level, selling pressure behind Bitcoin has soared, which could trigger a pullback to the 200-day moving average. According to Vays, this support is around $ 8,900, which could lead to potential buying opportunities. Vays added that if Bitcoin falls below the 200-day moving average, it could fall further. If it falls below this support level, Bitcoin could fall to $ 7,800 or $ 7,300.