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.