Bitcoin has started to move higher alongside the broader crypto market during the European trading session due to an increase in risk-on trading sentiment. The BTCUSD pair could rally towards the $9,500 area if buyers can break above the current monthly high, around the $9,300 level. Medium-term bulls may start to target the $9,800 level is the $9,500 resistance level is overcome.
The BTCUSD pair is only bullish while trading above the $9,225 level, key resistance is found at the $9,300 and the $9,500 levels.
If the BTCUSD pair trades below the $9,225 level, sellers may test the $9,100 and $8,900 support levels.