Bitcoin is under pressure as the number one cryptocurrency attempts to attract buying interest for the next major push higher. Key weekly technical resistance for the BTCUSD pair below the $11,000 level is found around the $10,600 to $10,300 around. To the upside, a break above the $12,100 level exposes further short-term gains towards the $12,400 and possibly the $12,500 level.
The BTCUSD pair is only bullish while trading above the $11,600 level, key resistance is found at the $12,100 and the $12,400 levels.
If the BTCUSD pair trades below the $11,600 level, sellers may test the $10,600 and $10,300 levels.
