Bitcoin is consolidating around the $10,600 level as the cryptocurrency market awaits a meaningful short-term directional breakout. BTCUSD bulls have the upperhand while the pair trades above its weekly pivot point, around the $10,630 level. Technical analysis highlights the $10,300 level as critical support and the gateway for further losses towards $9,800.
The BTCUSD pair is only bullish while trading above the $10,550 level, key resistance is found at the $10,750 and the $10,900 levels.
If the BTCUSD pair trades below the $10,550 level, sellers may test the $10,300 and $9,800 levels.
