BTCUSD holds neckline support
Bitcoin is once again testing towards the $9,000 resistance level after the recent technical pullback found strong buying interest from neckline support. The bullish pattern on the daily time frame still remains in play, which may eventually take the BTCUSD pair above the $12,000 level. Overall, the BTCUSD pair is set to close the month triple-digit gains and continues to ease towards the key $10,000 level.
The BTCUSD pair is bullish while trading above the $8,500 level, key resistance is found at the $9,000 and $9,600 levels.
If the BTCUSD pair trades under the $8,500 level, sellers may test towards the $8,300 and $8,000 support levels.