28 May 2019, OctaFX – Bitcoin remains well supported above the $8,700 level after the number one cryptocurrency found interim technical resistance from just below the $9,000 level on Monday.
Bitcoin price technical analysis
If bulls can break above the $9,000 level the BTCUSD pair offers only limited technical resistance until the $9,600 level. To the downside, a break below the $8,500 level may expose another test of the $8,300 support level.
BTCUSD price is heavily bullish while trading above the $9,000 level, key resistance is found at the $9,600 and $10,000 levels.
If BTCUSD price trades under the $8,700 level, sellers may test towards the $8,300 and $8,000 support levels.
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