Since January 14, Bitcoin has been making an impressive move until  January 19. The bulls took the price to a high of $9,200 but were immediately repelled. Before this time the bulls were struggling to break the resistance at $8,800 which was eventually broken. In the last 24 hours, Bitcoin has fallen to a low of $8,600. The price is ranging above  $8,600 pending the direction of the next price movement.