BTCUSD Still watching $9,400
Bitcoin is appearing more bullish in the short-term, as buyers continue to defend the technically important $9,200 support level. Technical analysis shows that Bitcoin could surge towards the $9,800 level if the $9,400 resistance level is broken this week. If bulls can hold the BTCUSD pair above the $9,800 level then further gains towards the $10,500 seem increasingly possible.
The BTCUSD pair is only bullish while trading above the $9,200 level, key resistance is found at the $9,400 and the $9,800 levels.
If the BTCUSD pair trades below the $9,200 level, sellers may test the $9,100 and $8,900 support levels.