The BTCUSD pair is starting to appear more bullish in the short-term, as sellers fail to close the daily candle below the $10,000 support level. Lower time frame analysis confirms that a bullish reversal pattern will start to take shape if the BTCUSD pair reaches the $10,550 level. Price stabilization above the $10,550 level would indicate that bulls may be preparing to test the $11,100 level once again.
The BTCUSD pair is only bullish while trading above the $10,550 level, key resistance is found at the $10,700 and the $11,100 levels.
If the BTCUSD pair trades below the $10,550 level, sellers may test the $10,000 and $9,600 levels.
