Bitcoin is holding onto the gains made over the weekend in early Monday trade after the BTCUSD pair briefly moved above the July 15th swing-high. A sustained move above the $11,100 level will help to turn the short-term sentiment towards the BTCUSD pair bullish, with the $11,600 to $12,000 region then coming into focus. Bears now need to force price under the $9,100 level and then keep the BTCUSD pair below this key former low.
The BTCUSD pair is only bullish while trading above the $9,900 level, key resistance is located at the $11,100 and $11,600 levels. If the BTCUSD pair trades under the $9,900 level, sellers may test towards the $9,600 and $9,100 support levels.