Bitcoin is continuing to recover higher in early week trade after it appears that the number one cryptocurrency may have found a medium-term price floor. Bullish fundamental news over the next few weeks and crypto value buyers may help to support the BTCUSD pair well-above the $10,000. Overall, further upside back towards the August monthly high is possible while price trades above the $9,900 level.
The BTCUSD pair is only bullish while trading above the $9,900 level, key resistance is located at the $10,650 and $11,700 levels.
If the BTCUSD pair trades under the $9,900 level, sellers may test towards the $9,300 and $9,100 support levels.