BTCUSD bullish above $9,175

Bitcoin has staged a minor upside recovery, following a short-lived drop towards the $9,100 support region on Monday. Technical analysis shows that the BTCUSD pair has a positive weekly bias while price trades above the pivotal $9,175 support area. In the short-term, BTCUSD bulls may attack towards the $9,475 technical area if the $9,300 resistance barrier is overcome.

• The BTCUSD pair is only bullish while trading above the $9,175 level, key resistance is found at the $9,475 and the $9,800 levels.

• If the BTCUSD pair trades below the $9,175 level, sellers may test the $9,000 and $8,800 levels.