Why is this current BTC Price Pivot Zone so important?

Key Price Pivot Zone here at 9400 - the market has used this level as a key inflection point and is currently holding below.
We may get a pullback and then if the market can hold for some time above this 9400 level, a retest and move back up to 13,500 is likely.
Bitcoin (Cryptocurrency)BTCUSDChart PatternsTrend Analysis

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