BTCUSD Still Bullish

Bitcoin has been frustrating traders this week as the number one cryptocurrency struggles to find a clear trending directional bias. Despite the lack of movement, the BTCUSD pair still retains its bullish short-term outlook while trading above the $8,900 support level. The $10,600 and $11,000 level remains the main bullish targets if the BTCUSD pair find strength above the $10,000 level.

The BTCUSD pair is only bullish while trading above the $8,900 level, key resistance is located at the $10,000 and $11,000 levels.

If the BTCUSD pair trades under the $8,900 level, sellers may test towards the $8,600 and $8,400 support levels.

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Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 40 million trading accounts.

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