The BTCUSD pair has briefly moved above the $7,000 level as the number one digital currency continues to move higher alongside the broader cryptocurrency market. Bitcoin remains bearish in the medium-term while trading below the $8,300 level. In the short-term, the bullish sentiment surrounding the BTCUSD pair is likely to remain while price trades above the $6,800 level.
The BTCUSD pair is bullish while trading above the $6,800 level, key resistance is now found at the $7,050 and $7,200 levels.
If the BTCUSD pair trades below the $6,800 level, key support is located at the $6,550 and $6,399 levels.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.