Bitcoin opens positive

Bitcoin has opened the new trading week with a more positive tone, as the number one cryptocurrency stabilizes above the $8,100 level. A break above the $8,600 resistance level should support an important technical test of the $9,100 level this week. A bearish break under the $8,100 support level could see the BTCUSD pair falling quickly towards the $7,500 level this week.

The BTCUSD pair is only bullish while trading above the $8,600 level, key resistance is located at the $8,810 and $9,100 levels.

If the BTCUSD pair trades under the $8,600 level, sellers may test towards the $8,100 and $7,500 support levels.
Bitcoin (Cryptocurrency)BTCUSDChart PatternscryptoCryptocurrencyTechnical IndicatorsoctafxsupportSupport and ResistanceTrend Analysis

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