BTCUSD gains slow
Bitcoin has had a slow start to the month of February, with the number one cryptocurrency consolidating in a narrow price range. A daily price close above the $9,600 level should trigger a rally in the BTCUSD pair towards the $10,00 resistance area. Looking at the downside, a break under the $9,100 level could trigger heavy technical selling in the BTCUSD pair towards the $8,500 level.
The BTCUSD pair is only bullish while trading above the $9,100 level, key resistance is found at the $9,600 and the $10,000 levels.
If the BTCUSD pair trades below the $9,100, sellers may test the $8,500 and $8,250 support levels.