BTCUSD bulls returning
Bitcoin could attack towards the $10,000 resistance level again this week after bulls successfully defended the $9,300 level over the weekend. A breakout above the $9,550 resistance level exposes further upside in the BTCUSD pair towards the $9,800 level. Given the overall medium-term bullish trend in the Bitcoin, buyers could easily rally the cryptocurrency towards the $10,500 level this week.
The BTCUSD pair is only bullish while trading above the $9,300 level, key resistance is found at the $10,000 and the $10,500 levels.
If the BTCUSD pair trades below the $9,300 level, sellers may test the $9,000 and $8,700 support levels.