Bitcoin is trading above its key 200-day moving average on Tuesday, although the cryptocurrency still closed the month of September heavily into the red. Any sustained moves above the $8,300 level are likely to find strong technical resistance from the $9,000 technical region. Overall, BTCUSD bulls need to hold the pair back above the $8,300 level to shift the intraday sentiment towards the pair and encourage short-term traders to turn more bullish.
• The BTCUSD pair is only bullish while trading above the $8,300 level, key resistance is located at the $9,000 and $9,600 levels.
• If the BTCUSD pair trades under the $8,300 level, sellers may test towards the $7,500 and $7,100 support levels.
• The BTCUSD pair is only bullish while trading above the $8,300 level, key resistance is located at the $9,000 and $9,600 levels.
• If the BTCUSD pair trades under the $8,300 level, sellers may test towards the $7,500 and $7,100 support levels.
