BTCUSD only bullish above $9,700
Bitcoin is staging a solid upside recovery, after the number one cryptocurrency by market capitalization found support from just below the $9,300 level this week. Further gains above the $9,700 level could see the BTCUSD pair pushing back towards the $10,500 level this week. Sellers will need to hold price below the $9,480 level to trigger the next round of BTCUSD weakness.
The BTCUSD pair is only bullish while trading above the $9,700 level, key resistance is found at the $10,200 and the $10,500 levels.
If the BTCUSD pair trades below the $9,700, sellers may test the $9,480 and $9,280 support levels.