Bitcoin has opened the new trading week in a bullish mood, as the first cryptocurrency continues to recover after last weeks drop towards the $9,500 level. Buying any technical pullbacks is currently preferred as the BTCUSD pair could move back towards the $10,100 to $10,500 levels. Overall, the BTCUSD pair could start to target the $11,500 level, if buyers maintain price above the $10,100 level.
The BTCUSD pair is only bullish while trading above the $10,100 level, key resistance is located at the $11,000 and $11,500 levels. The BTCUSD pair is only bearish while trading under the $10,100 level, sellers may test towards the $9,750 and $9,400 support levels.