Bitcoin bulls have returned in force after breaking through the $9,000 level and moving the number one crypto to a new 2019 trading high. The BTCUSD pair offers limited resistance above the $9,300 level, leaving the $10,000 level a likely near-term target. Only a sustained bearish move below the $8,400 support level will put the recent up move in the BTCUSD into question.
The BTCUSD pair is only bullish while trading above the $8,400 level, key resistance is located at the $9,300 and $10,00 levels.
If the BTCUSD pair trades under the $8,400 level, sellers may test towards the $8,200 and $8,000 support levels.