Bitcoin has risen sharply to the upside after breaking past the technically important $9,350 resistance level yesterday. Going forward, continued gains above the $9,350 level could cause the BTCUSD pair to test the $10,000 level. Traders should also be aware that BTCUSD could become volatile today as a large amount of Bitcoins options contract on the CME are set to expire.
The BTCUSD pair is only bullish while trading above the $9,100 level, key resistance is found at the $9,800 and the $10,000 levels.
If the BTCUSD pair trades below the $9,100, sellers may test the $8,700 and $8,500 support levels.