Bitcoin has broken above last weeks trading high after buyers finally broke through the technically important $9,400 resistance level. Traders remain cautious despite the breakout as the number one cryptocurrency has so far been unable to break the psychological $10,000 level. A breakout above the $10,000 level could see the BTCUSD pair testing towards the $10,500 resistance area.
The BTCUSD pair is only bullish while trading above the $8,700 level, key resistance is found at the $10,000 and the $10,400 levels.
If the BTCUSD pair trades below the $8,700, sellers may test the $8,400 and $8,000 support levels.
