Bitcoin price has built up a strong upside momentum during early Asian hours on Monday. TheBTCUSD pair has recovered from $9,900 and hit $10,600 high.
Bitcoin price technical analysis
The $9,900 level is the key support level to watch intraday, as it represents the BTCUSD pairs 100-day moving average. Overall, unless the $10,600 level is broken with conviction, the largest cryptocurrency could fall back towards the $9,450 level.
The BTCUSD pair is only bullish while trading above the $10,600 level, key resistance is located at the $11,000 and $11,500 levels.
The BTCUSD pair is only bearish while trading under the $10,600 level, sellers may test towards the $9,750 and $9,450 support levels.
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