BTCUSD $9,350 upcoming resistance
Bitcoin has risen above the psychological $9,000 resistance level due to a lack of selling interest below the $8,700 level earlier this week. Technical analysis shows that bulls need to move the BTCUSD pair above the $9,350 level to encourage fresh buying interest. Dip-buying towards the BTCUSD pair is expected to remain strong while the $9,000 level is defended.
The BTCUSD pair is only bullish while trading above the $9,000 level, key resistance is found at the $9,350 and the $9,900 levels.
If the BTCUSD pair trades below the $9,900, sellers may test the $8,700 and $8,500 support levels.