Bitcoin has rallied to a two-week trading high, with the number one cryptocurrency briefly moving above the $10,800 resistance level. Lower time frame analysis shows that a bullish inverted head and shoulders pattern has been activated, following the recent rally above the $10,630 level. Any technical pullbacks are expected to find strong dip-buying interest from the $10,400 and $10,200 levels.
The BTCUSD pair is only bullish while trading above the $10,400 level, key resistance is found at the $10,800 and the $11,100 levels.
If the BTCUSD pair trades below the $10,400 level, sellers may test the $10,200 and $10,000 levels.
