Bitcoin has an important trading week ahead, with bulls needing to rally the cryptocurrency above the $8,500 level or face a potential technical rejection from current levels. The $9,000 level remains a valid target this week if BTCUSD bulls can gain traction above the $8,500 resistance level. Falling under the $7,700 level would cause concern amongst BTCUSD bulls.
The BTCUSD pair is only bullish while trading above the $7,700 level, key resistance is located at the $8,500 and $9,000 levels.
If the BTCUSD pair trades under the $7,700 level, sellers may test towards the $7,500 and $7,300 support levels.