BTCUSD Awaiting breakout
Bitcoin is starting to consolidate around its 20-day moving average, as traders await the next major directional move in the number one cryptocurrency. A break under the $10,700 level could see the BTCUSD pair testing towards the $10,550 region. To the upside, a sustained breakout above the $11,100 level exposes further upside towards the $11,400 resistance area.
The BTCUSD pair is only bullish while trading above the $10,800 level, key resistance is found at the $11,100 and the $11,400 levels.
If the BTCUSD pair trades below the $10,800 level, sellers may test the $10,550 and $10,400 levels.