Bitcoin has moved back towards the $10,700 support area as traders start to reduce positions ahead of the first US election debate. Traders that are bullish towards the BTCUSD pair may buy around current levels in expectation of a rally towards the $11,400 level. BTCUSD bulls may sell the pair around current levels in expectation of a coming decline towards the $10,100 level.
The BTCUSD pair is only bullish while trading above the $10,700 level, key resistance is found at the $11,100 and the $11,400 levels.
If the BTCUSD pair trades below the $10,700 level, sellers may test the $10,400 and $10,100 levels.
