Thats odd number you have got up there. Why is it 9.7K? and not 10K?
I am not too techie so just asking if there is any way to calculate the resistance level for the same. I am pretty sure that fundamentals says that BTC will keep rising no matter what happens in the next update. The coin has shown us potential before and its always been on one goal, just to rise. I dont think clearing up the 9.7K level would be that difficult for the bitcoin. So I am sure this will happen before the end of next week. Its breaking bad!!
The reason for 9.7k is because this is the level of previous resistance (and earlier support 2 months ago). This is a level I based on the previous history and the resistance haven't coincided with 10k but rather 9.7-9.8k.