Bitcoin has risen to a fresh 2020 trading high as positive tones continue to spread through almost the entire cryptocurrency market. Bitcoin has also turned technically bullish for the first time this year and could start to target towards the psychological $10,000 level. BTCUSD bulls need to defend the $8,900 support level to keep the bullish short and medium-term bias intact.
The BTCUSD pair is only bullish while trading above the $8,900 level, key resistance is found at the $9,700 and the $10,000 levels.
If the BTCUSD pair trades below the $8,900, sellers may test the $8,500 and $8,250 support levels.
