BTCUSD hits support
Bitcoin came under pressure over the weekend, following a quick price drop in the top cryptocurrency towards the $8,800 support zone. Technical analysis shows that the BTCUSD pair will remain under pressure while trading below the $9,150 technical area. If bulls can break through the $9,400 resistance area then the much-awaited rally back towards the $10,000 level may commence.
The BTCUSD pair is only bullish while trading above the $9,400 level, key resistance is found at the $9,600 and the $10,000 levels.
If the BTCUSD pair trades below the $9,400 level, sellers may test the $8,800 and $8,200 support levels.