BTCUSD $10,750 critical

Bitcoin continues to advance during in early-week trade, as positive market sentiment is helping to give riskier asset classes a boost. The BTCUSD pair is expected to test towards the $11,000 level if bulls can overcome upcoming resistance, around the $10,750 area. Overall, BTCUSD bulls are expected to buy into any meaningful price pullbacks towards the $10,500 support region.

• The BTCUSD pair is only bullish while trading above the $11,875 level, key resistance is found at the $12,100 and the $12,500 levels.

• If the BTCUSD pair trades below the $11,875 level, sellers may test the $11,300 and $11,100 levels.