BTCUSD $10,500 pivot
Bitcoin is holding firm into the weekend, following a marginal rally in US equity markets and an improvement in risk sentiment. BTCUSD bulls need to hold the daily candle above the $10,500 level to encourage the next major push higher in the cryptocurrency towards $11,000. To the downside, any weakness below the $10,300 level should encourage BTCUSD technical sellers.
The BTCUSD pair is only bullish while trading above the $10,500 level, key resistance is found at the $11,100 and the $11,400 levels.
If the BTCUSD pair trades below the $10,500 level, sellers may test the $10,300 and $10,00 levels.