BTCUSD downside risks build
Bitcoin remains under pressure on Tuesday, with the number one cryptocurrency so far finding technical support from just above the $9,450 level. Traders are turning more bearish towards the BTCUSD pair now that price is making lower lows on a weekly basis. Going forward, any moves back towards the $10,200 technical area are likely to be sold heavily over the short-term.
The BTCUSD pair is only bullish while trading above the $10,200 level, key resistance is found at the $10,500 and the $11,000 levels.
If the BTCUSD pair trades below the $10,200, sellers may test the $9,450 and $9,200 support levels.