BTCUSD approaching support
Bitcoin is under pressure as the number one cryptocurrency attempts to attract buying interest for the next major push higher. Key weekly technical resistance for the BTCUSD pair below the $11,000 level is found around the $10,600 to $10,300 around. To the upside, a break above the $12,100 level exposes further short-term gains towards the $12,400 and possibly the $12,500 level.
The BTCUSD pair is only bullish while trading above the $11,600 level, key resistance is found at the $12,100 and the $12,400 levels.
If the BTCUSD pair trades below the $11,600 level, sellers may test the $10,600 and $10,300 levels.