Thu, Jan 28, 2021 @ 08:01 GMT
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BTCUSD Awaiting Monthly Price Close

Bitcoin looks set to close the month of June in negative territory unless bulls can quickly rally the cryptocurrency towards the $9,800 area. If BTCUSD buyers can force a breakout above the $9,400 resistance area then the bulls scenario could become a reality. A monthly price close under the $9,000 level and the BTCUSD pair could soon drop back towards the $8,400 level.

The BTCUSD pair is only bullish while trading above the $9,400 level, key resistance is found at the $9,800 and the $10,000 levels.

If the BTCUSD pair trades below the $9,400 level, sellers may test the $8,800 and $8,400 support levels.

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