it attempting to recover bullish
momentum after coming under downside pressure earlier this week below the $10,000 level. The $10,200 support level
is the neckline of a bearish head and shoulders
pattern with a large four-digit downside projection. The BTCUSD
pair may also come under further selling pressure from the series of bearish
candles across the weekly and daily time frames.
pair is only bullish
while trading above the $10,200 level, key resistance is located at the $11,800 and $12,400 levels.
If the BTCUSD
pair trades under the $10,200 level, sellers may test towards the $9,000 and $8,500 support levels.