Bitcoin continues to be driven by its positive correlation with the S&P 500 index, as volatility remains high after the recent US Presidential debate. Multi-day price stabilization above the $11,100 level could see the BTCUSD pair rallying towards the $11,700 area. To the downside, daily price closes below the $10,650 level may cause traders to turn bearish towards the BTCUSD pair.
The BTCUSD pair is only bullish while trading above the $10,650 level, key resistance is found at the $11,400 and the $11,700 levels.
If the BTCUSD pair trades below the $10,650 level, sellers may test the $10,300 and $10,100 levels.
