Bitcoin Price Dips Below $9,200 After Rejection by $9,500 Resistance

Bitcoin dropped below $9,200 on Nov. 3 after a fresh attempt to crack resistance above $9,500 ended in rejection.

Bitcoin stays in low $9K corridorData from Coin360 showed BTC/USD continuing its ranging behavior with $9,000 as support on Sunday.

At press time, the pair traded around $9,120, having fallen around 2% in the past 24 hours.

After languishing near the bottom of its range, Bitcoin managed a run-up to $9,380 during Saturday before abandoning its position and heading downwards once more.

As Cointelegraph reported, some analysts were keen to see lower levels as a form of price consolidation.

A return to five figures remains something of a holy grail for Bitcoiners under the current climate, with heavy resistance currently hindering progress.

As Cointelegraph noted, the previous two halvings both had a highly positive impact on Bitcoin in the months which followed.

Altcoins drift amid lack of momentumAltcoin markets saw mixed fortunes as the weekend progressed.

In the top twenty cryptocurrencies by market cap, most saw up or down moves of around 2%.Ether, the largest altcoin, fell by a modest 1.1% to $181, in line with behavior from XRP and Binance Coin.Ether seven-day price chart.

Some other tokens dipped more, with Tron and EOS both losing 2.5%.The overall cryptocurrency market cap remained broadly stable at $246 billion, with Bitcoin's share at 67.4%.Keep track of top crypto markets in real time here.