BTCUSD larger correction possible
Bitcoin has reversed sharply lower from the $10,000 level, after traders failed to break above the October 2019 high, around the $10,500 level. Traders that are bearish towards the BTCUSD pair may target a stronger correction towards the $9,100 support level. BTCUSD bulls will look for a daily price close above the $10,000 level to initiate fresh buy position towards the $10,500 level.
The BTCUSD pair is only bullish while trading above the $9,500 level, key resistance is found at the $10,200 and the $10,500 levels.
If the BTCUSD pair trades below the $9,500, sellers may test the $9,100 and $8,700 support levels.