The first cryptocurrency is attempting to recover above the $10,000 level on Friday, after briefly falling towards the $9,600 support level on Thursday. Yesterday’s strong pullback may have formed an important low for the BTCUSD pair, particularly with the lower time frames still showing a bullish pattern. Overall, a continued recovery above the $10,000 level could provoke a major test of the $10,700 resistance area.
The BTCUSD pair is only bullish while trading above the $10,000 level, key resistance is located at the $10,700 and $11,700 levels. If the BTCUSD pair trades under the $10,000 level, sellers may test towards the $9,600 and $9,300 support levels.