Bitcoin price attempts to come out of the bearish loop, takes a leap towards price recovery, and trades above $10,000.
1 August 2019, OctaFX – Bitcoin bulls are growing increasingly confident after moving the price back above the psychological $10,000 resistance level.
Bitcoin price technical analysis
BTCUSD buyers could move price towards the $10,750 level, which represents the number one crypto’s former monthly pivot and also the July price open. Sellers need to move price back under the $9,440 level to encourage an attack on the $9,100 level.
The BTCUSD pair is bullish while trading above the $9,800 level, key resistance is located at the $10,700 and $11,100 levels.
If the BTCUSD pair trades under the $9,800 level, sellers may test towards the $9,400 and $9,100 support levels.
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