On 6th May, the Bitcoin price broke out from a short-term descending resistance line. The breakout occurred with considerable volume, increasing its significance.
The price reached a high of $9,380 before beginning to retrace. During the retracement, the price found the $9100 level as support, which is the same level BTC just broke out from.
The price has been gradually increasing since, creating a long lower-wick in the process.
Image courtesy of TradingView
But it now reaching strong resistance and as it did on 30th April and will be expected to go down from here.