BTCUSD TESTING TRIANGLE RESISTANCE
Bitcoin is now testing key resistance from the top side of the well-defined symmetrical triangle pattern, as the entire cryptocurrency market start the new trading week with a strong bid tone. Buyers still need to clearly move price above the $6,760 level to change the short-term bearish sentiment surrounding the BTCUSD pair. Sellers need to push price below the triangle pattern and break the former weekly trading low.
The BTCUSD pair is only intraday bullish while trading above the $6,760 level, key resistance remains at the $6,550 and $5,760 levels.
If the BTCUSD pair trades below the $6,300 level, sellers are likely to test towards the $6,200 and $6,050 support levels.
The BTCUSD pair is only intraday bullish while trading above the $6,760 level, key resistance remains at the $6,550 and $5,760 levels.
If the BTCUSD pair trades below the $6,300 level, sellers are likely to test towards the $6,200 and $6,050 support levels.
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