Bitcoin has staged a major upside breakout, with the pioneer cryptocurrency rallying to a new 2020 trading high, around the $11,400 level. BTCUSD bulls may quickly buy into any technical pullback towards the $10,450 or $10,200 support areas this week. BTCUSD sellers may be waiting for a break below the $9,600 support level in order to confirm a false upside breakout.
The BTCUSD pair is only bullish while trading above the $10,200 level, key resistance is found at the $11,400 and the $11,800 levels.
If the BTCUSD pair trades below the $10,200 level, sellers may test the $10,000 and $9,700 levels.
