Bitcoin is struggling to build upside momentum, following the early week plunge back towards the $9,200 support area. It is possible that another minor low may be created around the $9,000 support level before another push higher starts. Overall, BTCUSD bulls need to close the week above the $10,000 level to encourage the next major rally towards the $11,100 resistance area.
The BTCUSD pair is only bullish while trading above the $9,400 level, key resistance is found at the $10,000 and the $11,100 levels.
If the BTCUSD pair trades below the $9,400 level, sellers may test the $9,200 and $9,000 support levels.
