Bitcoin bulls need to rally the number cryptocurrency to a fresh monthly trading high this week or traders may grow impatient and turn bearish. The $9,200 level remains the key support area to watch, losses below the area could prompt a decline towards the $8,800 level. Looking at the upside, a breakout above the $10,100 level exposes the BTCUSD to technical buying towards the $11,600 level.
The BTCUSD pair is only bullish while trading above the $9,400 level, key resistance is found at the $10,100 and the $10,500 levels.
If the BTCUSD pair trades below the $9,400 level, sellers may test the $9,200 and $9,000 support levels.