BTCUSD $8,500 pivot
Bitcoin is starting to appear more bullish over the short-term, with the $8,200 support level containing downside selling attacks. BTCUSD bulls need to maintain price above the $8,500 level in order to encourage another technical test of the $9,000 resistance level. A break under the $8,200 level could see the GBPUSD pair slipping towards the $7,750 support level this week.
The BTCUSD pair is only bullish while trading above the $8,500 level, key resistance is found at the $9,000 and the $9,200 levels.
If the BTCUSD pair trades below the $8,500, sellers may test the $8,200 and $7,750 support levels.