BTCUSD bullish pattern building
Bitcoin is trading towards the worst levels of the week in early Thursday trade as BTCUSD bears attempt to attack towards downside support once again. The four-hour time frame is showing that an inverted head and shoulders pattern is building. The bullish pattern has an upside target that would take the BTCUSD pair above the psychological $10,000 resistance level.
The BTCUSD pair is bullish while trading above the $8,000 level, key resistance is found at the $8,500 and $10,000 levels.
If the BTCUSD pair trades under the $8,000 level, sellers may test towards the $7,400 and $7,100 support levels.