Bitcoin is holding firm above the $8,000 level after a surge in the value of Ripple helped inspire a rally in the broader cryptocurrency market earlier this week. A clear range break is needed from the $7,700 to $8,500 level to increase short-term trading participation and volume. The range breakout may come this week, as another Bitcoin ETF decision is due from the Securities and Exchange Commission before October 13th.
• The BTCUSD pair is only bullish while trading above the $8,500 level, key resistance is located at the $9,000 and $9,300 levels.
• If the BTCUSD pair trades under the $8,500 level, sellers may test towards the $7,700 and $7,100 support levels.
• The BTCUSD pair is only bullish while trading above the $8,500 level, key resistance is located at the $9,000 and $9,300 levels.
• If the BTCUSD pair trades under the $8,500 level, sellers may test towards the $7,700 and $7,100 support levels.
