It seems like the 50% Fib retracement level of the recent decline from the $9,393 high to $9,081 low is acting as a resistance for the bulls. If there are more gains, the $9,300 area is likely to act as a major hurdle in the near term for bitcoin.
If there is an upside break above the $9,300 resistance, the next stop for the bulls may perhaps be near the $9,380 and $9,400 resistance levels. Conversely, if there is a downward move, an initial support is near the $9,100 level. The main support is near the $9,000 level, below which there is a risk of another decline towards $8,500.
Looking at the chart, bitcoin is clearly facing a lot of resistances near the $9,300 and $9,400 levels. A successful close above the $9,400 level is must for bullish acceleration. If not, there is a risk of a downside extension below the $9,000 support.