Bitcoin is trading around the $9,600 level is early week trading, after the first cryptocurrency staged a major double-digit rally over the weekend. The BTCUSD pair has a strong bullish bias while trading above the $9,100 level, although bulls need to move price above the $9,800 to secure further medium-term gains. Overall, the short and medium-term outlook for the BTCUSD pair has now changed to bullish.
• The BTCUSD pair is only bullish while trading above the $9,100 level, key resistance is located at the $9,800 and
$10,600 levels.
• If the BTCUSD pair trades under the $9,100 level, sellers may test towards the $8,800 and $8,200 support levels.
• The BTCUSD pair is only bullish while trading above the $9,100 level, key resistance is located at the $9,800 and
$10,600 levels.
• If the BTCUSD pair trades under the $9,100 level, sellers may test towards the $8,800 and $8,200 support levels.
