BTCUSD looking more bullish
Bitcoin has moved towards the upper-end of its short-term price range, with BTCUSD bulls pressing towards the $9,500 resistance arear. Technical analysis shows that the BTCUSD pair could rally towards the $10,100 level if the $9,500 resistance level is broken this week. Traders should be aware that BTCUSD pair will turn increasingly bullish over the medium-term if buyers close the daily candle above the $9,800 level.
The BTCUSD pair is only bullish while trading above the $9,500 level, key resistance is found at the $9,800 and the $10,100 levels.
If the BTCUSD pair trades below the $9,500 level, sellers may test the $9,300 and $8,800 levels.