Bitcoin is attempting to push higher on Tuesday after sellers failed to break under the technically important $8,400 support level yesterday. Traders may have to wait for an explosive directional move as Bitcoin remains trapped in a wide price range between the $8,400 to $9,400 levels. Buyers ideally need to break above the $9,400 level to encourage technical buying towards the $10,000 level.
The BTCUSD pair is only bullish while trading above the $8,400 level, key resistance is found at the $9,400 and the $10,000 levels.
If the BTCUSD pair trades below the $8,400, sellers may test the $8,100 and $7,800 support levels.
