BTCUSD $9,000 critical support
Bitcoin is back under pressure on Friday, following the recent technical rejection from the psychological $10,000 resistance level. A sustained break under the $9,000 support level could see the BTCUSD pair falling back towards the $8,700 technical area. To the upside, bulls need to close the weekly price candle above the $10,000 level to encourage fresh BTCUSD technical buying.
The BTCUSD pair is only bullish while trading above the $9,400 level, key resistance is found at the $10,100 and the $10,500 levels.
- If the BTCUSD pair trades below the $9,400 level, sellers may test the $9,000 and $8,700 support levels.