Bitcoin - A drop below $9,400 remains relevant

It looks like Bitcoin is not going to follow our yesterday forecast, as the leading crypto has set new maximum of 2019. The rise has made up around 5% over the last 24 hours.

On the hourly chart, Bitcoin has been located in the uptrend for more than 10 days without a serious correction. In this regard, one should expect a slight rollback to the nearest support at $9,400 as a short-term idea. The RSI indicator also supports such a scenario, locating in the oversold zone.