Contributors Technical Analysis BTCUSD Downside Risk Build

BTCUSD Downside Risk Build

Bitcoin remains under pressure on Tuesday, with the number one cryptocurrency so far finding technical support from just above the $9,450 level. Traders are turning more bearish towards the BTCUSD pair now that price is making lower lows on a weekly basis. Going forward, any moves back towards the $10,200 technical area are likely to be sold heavily over the short-term.

The BTCUSD pair is only bullish while trading above the $10,200 level, key resistance is found at the $10,500 and the $11,000 levels.

If the BTCUSD pair trades below the $10,200, sellers may test the $9,450 and $9,200 support levels.

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