Bitcoin is trading under downside pressure on Wednesday as bulls struggle to regain the technically important $10,000 level. BTCUSD traders are now awaiting an important decision from the US Securities Exchange Commission later today on a potential Bitcoin ETF. The BTCUSD pair could fall towards the $8,500 level if price starts to weaken below the $9,000 support area.
The BTCUSD pair is only bullish while trading above the $9,700 level, key resistance is found at the $10,200 and the $10,500 levels.
If the BTCUSD pair trades below the $9,700, sellers may test the $9,000 and $8,500 support levels.
