BTC/USD range bound under $9,200 as altcoins begin to gain

The broader market moved in sync with crypto. The S&P 500 fell 0.34%, while the Dow slipped 0.50%. Twitter bucked the trend, staying stable despite suffering a hack on Wednesday that let attackers post fake Bitcoin giveaway messages from major brand accounts and celebrity profiles. The incident shook the platform but traders didn't flee.

Bitcoin kept to a narrow band. The token bounced between $9,000 and $9,200 through the session, dipping to $9,020 at its low. Buyers defended this support level. Chartists watching the 1-hour Bitcoin/dollar chart noted a symmetric triangle forming, with bears pressing toward the bottom while bulls held their ground. Bitcoin last touched the upper edge of this pattern in late June.

The Stochastic and MACD indicators on the 4-hour chart pointed to bullish bias. If Bitcoin breaks higher, resistance stands at $9,280, then $9,400, and again around $9,800 where the price has stumbled multiple times. Support holds at $8,880 and $8,600.

Most large altcoins posted small gains after flat trading in Asia. Ethereum rose 1% to $233 and has tracked Bitcoin's moves for the past week. Ripple held $0.190 support with a 1.5% gain, though the token has ranked among 2020's worst performers. Bitcoin Cash edged higher. Cardano gained 1.3%, EOS climbed 0.8%, and Litecoin rose 0.58%. Dash moved 1.26% higher. Tezos, Chainlink, and Stellar all showed strength. Stellar in particular pushed 12% higher over 24 hours and is now targeting the major resistance zone around $0.12.