The price of Bitcoin has reached the $10,000 level again as traders turn increasingly bullish towards the number one cryptocurrency after the recent halving event. A move above the $10,070 level could spark a huge rally in the BTCUSD pair towards the $11,500 level. To the downside, weakness below the $9,400 level could prompt a sell-off in the BTCUSD pair towards the $9,000 level.
The BTCUSD pair is only bullish while trading above the $9,000 level, key resistance is found at the $10,070 and the $10,500 levels.
If the BTCUSD pair trades below the $9,000, sellers may test the $8,700 and $8,100 support levels.
