BTCUSD $9,000 resistance

Bitcoin is starting to test back towards the $9,000 level after finding solid technical support from the $8,600 level earlier this week. A bullish inverted head and shoulders pattern is indicating that a rally towards the $9,600 level could take place over the short-term. Gains above the $9,000 resistance level could be the trigger for the next major bullish move in the BTCUSD pair.

• The BTCUSD pair is only bullish while trading above the $8,900 level, key resistance is found at the $9,200 and the $9,600 levels.

• If the BTCUSD pair trades below the $9,000, sellers may test the $8,600 and $8,400 support levels.