Bitcoin is edging closer to the $10,000 level as buying pressure towards the pioneer cryptocurrency continues to increase in the short-term. BTCUSD bulls may quickly attack towards the $11,000 resistance level if the $10,100 level is broken this week. To the downside, a breakout below the $8,700 support level could expose the BTCUSD pair to a sharp price drop towards the $8,100 support area.
The BTCUSD pair is only bullish while trading above the $9,400 level, key resistance is found at the $10,100 and the $10,500 levels.
If the BTCUSD pair trades below the $9,400 level, sellers may test the $9,200 and $8,700 support levels.
