BTCUSD bulls holding support
Bitcoin bulls continue to hold price above major technical support, despite a loss of upside momentum above the critical $9,000 level. The one-hour time frame is showing that the BTCUSD pair is still being held above the neckline of a bullish pattern. The $8,930 level now appears key in the short-term, while the $9,477 resistance level is major upside resistance before the $10,000 level.
The BTCUSD pair is only bullish while trading above the $8,930 level, key resistance is located at the $9,477 and $10,000 levels.
If the BTCUSD pair trades under the $8,930 level, sellers may test towards the $8,800 and $8,400 support levels.