Bitcoin is starting to turn more bearish on the daily time frame after a series of bearish price closes below the BTCUSD pair’s former monthly trading low. A breakout below the $9,100 level exposes the BTCUSD pair to further losses towards at last the $8,400 level. Bulls need to move price above the $10,750 resistance level to encourage another attack towards the $11,100 level.
The BTCUSD pair is only bullish while trading above the $10,750 level, key resistance is located at the $11,100 and $11,500 levels.
If the BTCUSD pair trades under the $10,000 level, sellers may test towards the $9,100 and $8,400 support levels.
