BTCUSD $10,400 possible

Bitcoin has staged another major rally over the weekend, with the cryptocurrency hitting a fresh yearly high after posting its strongest monthly price close since 2017. Technical analysis shows that BTCUSD bulls could test towards the $10,400  support level over the short-term. The wider picture shows that bulls could be tested towards the $13,500 level while price trades above the $9,800 level.

• The BTCUSD pair is only bullish while trading above the $10,400 level, key resistance is found at the $12,100 and the $12,400 levels.

• If the BTCUSD pair trades below the $10,400 level, sellers may test the $10,100 and $9,800 levels.