Contributors Technical Analysis BTCUSD $10,500 Resistance

BTCUSD $10,500 Resistance

Bitcoin has broken above the pair the $10,000 resistance level, with the cryptocurrency moving to a new 2020 trading high. A breakout above the $10,500 resistance level could see the BTCUSD testing towards the $11,000 level. Overall, dip-buying is still expected if the BTCUSD pair does fall towards the $9,500 level.

The BTCUSD pair is only bullish while trading above the $9,500 level, key resistance is found at the $10,500 and the $11,000 levels.

If the BTCUSD pair trades below the $9,500, sellers may test the $9,200 and $9,000 support levels.

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