25 July 2019, OctaFX – Bitcoin price is lacking a clear direction over the short-term, as the BTCUSD pair continues to struggle around the $10,000 resistance level.
Bitcoin price technical analysis
BTCUSD bears now need to break the $9,100 level to trigger the next move lower towards the $8,400 support level. Buyers currently have the upper hand after a sharp reversal from the $9,450 level, placing the $10,350 level in focus.
The BTCUSD pair is only bullish while trading above the $10,350 level, key resistance is located at the $10,750 and $11,100 levels.
If the BTCUSD pair trades under the $9,100 level, sellers may test towards the $8,400 and $8,000 support levels.
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