Bitcoin is failing to attract a strong bid above the $10,000 level, with the number one cryptocurrency repeatedly failing around its 50-day moving average. Weakness below the $10,000 level is likely to prompt the BTCUSD pair to test towards the $9,700 support level. Buying dips under the $10,000 level is still the best strategy for trading the BTCUSD pair until the July monthly trading low is breached.
The BTCUSD pair is only bullish while trading above the $10,000 level, key resistance is located at the $10,700 and $10,960 levels.
If the BTCUSD pair trades under the $10,000 level, sellers may test towards the $9,700 and $9,300 support levels.