Bitcoin has staged a powerful upside rally towards the $10,400 area, following a breakout above the $10,080 resistance level earlier this morning. The BTCUSD pair has staged a strong technical correction and could now test the $9,800 level before pushing higher again. Overall, the BTCUSD pair could still advance towards the $11,600 level over the short to medium-term.
The BTCUSD pair is only bullish while trading above the $9,400 level, key resistance is found at the $10,400 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.
