BTCUSD triangle narrows
Bitcoin is slightly under pressure on Tuesday as the cryptocurrency market is struggling to build on last weeks trading gains. The BTCUSD pair is trading $10,000, with the triangle pattern on the daily time frame continuing to narrow. A move above the $10,420 level should secure a bullish breakout, while a sustained decline under the $9,600 level this week should prompt wide-spread BTCUSD selling.
The BTCUSD pair is only bullish while trading above the $10,420 level, key resistance is located at the $10,700 and $11,700 levels.
If the BTCUSD pair trades under the $10,000 level, sellers may test towards the $9,600 and $9,100 support levels.