EURUSD holding support

Bitcoin it attemping to recover bullish momentum after coming under downside pressure earlier this week below the $10,000 level. The $10,200 support level is the neckline of a bearish head and shoulders pattern with a large four-digit downside projection. The BTCUSD pair may also come under further selling pressure from the series of bearish candles across the weekly and daily time frames.

• The BTCUSD pair is only bullish while trading above the $10,200 level, key resistance is located at the $11,800 and $12,400 levels.

• If the BTCUSD pair trades under the $10,200 level, sellers may test towards the $9,000 and $8,500 support levels.