Bitcoin is trading slightly lower in early week trade, following a sustained move below near-term support around the $11,500 level. Bitcoin bulls need to keep price above the $11,100 support level to maintain its current short-term positive trading bias. The BTCUSD pair will need to break above the $12,000 level this week or the largest cryptocurrency may face losing upside momentum.
The BTCUSD pair is only bullish while trading above the $11,100 level, key resistance is located at the $12,000 and $12,300 levels.
If the BTCUSD pair trades under the $11,100 level, sellers may test towards the $10,800 and $10,400 support levels.
The BTCUSD pair is only bullish while trading above the $11,100 level, key resistance is located at the $12,000 and $12,300 levels.
If the BTCUSD pair trades under the $11,100 level, sellers may test towards the $10,800 and $10,400 support levels.
