Bitcoin is preparing for its next major directional move, as the number one cryptocurrency consolidates around the $9,500 resistance level. The technical analysis highlights that a breakout above the $9,550 level could see the BTCUSD pair rallying towards the $10,100 area. If the $9,400 support level is broken then the BTCUSD pair could slip towards the $9,200 technical area.
The BTCUSD pair is only bullish while trading above the $9,550 level, key resistance is found at the $10,100 and the $10,500 levels.
If the BTCUSD pair trades below the $1,550 level, sellers may test the $9,400 and $9,200 support levels.
