Bitcoin is struggling to build a momentum that follows the early week’s throw back towards the $ 9,200 support area. It is possible that an even smaller low could be created around the $ 9,000 support level before another push higher starts. Overall, BTCUSD bulls need to close the week above the $ 10,000 level to encourage the next major demonstration against the $ 11,100 resistance area.
The BTCUSD pair is only bullish while trading above the $ 9,400 level, key resistance is found at $ 10,000 and $ 11,100 levels.
If the BTCUSD pair trades below the $ 9,400 level, sellers can test $ 9,200 and $ 9,000 support levels.