Bitcoin continues to trade in a large price range as traders await technical confirmation that a medium-term high has been reached. The BTCUSD pair has posted five consecutive months of trading gains, leaving traders cautious towards selling the number one cryptocurrency. A final technical test back towards the $12,500 and $13,000 resistance levels still remain possible this week.
The BTCUSD pair is only bullish while trading above the $10,500 level, key resistance is located at the $12,500 and $13,000 levels. If the BTCUSD pair trades under the $10,500 level, sellers may test towards the $10,200 and $9,800 support levels.