BTCUSD 50-day moving average key
Bitcoin is attempting to recover higher in early week trading after briefly dipping below its key 50-day moving average, around the $9,400 level. Bulls may make a run for the $10,000 level this week if they can overcome the $9,600 resistance barrier. To the downside, a break under the $9,000 support level should be considered extremely bearish for BTCUSD in the short-term.
The BTCUSD pair is only bullish while trading above the $9,400 level, key resistance is found at the $9,600 and the $10,100 levels.
If the BTCUSD pair trades below the $9,400 level, sellers may test the $9,000 and $8,800 support levels.