BTCUSD testing breakout resistance

Bitcoin continues to trade around key weekly resistance, with the number one cryptocurrency by market capitalization moving closer to a major technical breakout. The BTCUSD pair has been trapped inside the triangle pattern for all of this year, with a bullish breakout likely to encourage strong technical buying. If sellers move price back under the $3,800 level, the BTCUSD pair may start to lose bullish momentum.

• The BTCUSD pair is strongly bullish while trading above the $3,900 level, key technical resistance remains at the $4,200 and $4,400 levels.

• If the BTCUSD pair moves under the $3,800 level, sellers may test towards the $3,700 and $3,630 support levels.