BTCUSD appears bullish
Bitcoin is starting to appear increasingly bullish, with the cryptocurrency posting more impressive upside gains over the weekend. BTCUSD bulls now need to clear the $7,650 resistance level in order to secure further gains towards the $8,400 level. Traders should be aware that the fundamental sentiment towards cryptocurrencies is also starting to get better.
The BTCUSD pair is only bullish while trading above the $7,000 level, key resistance is located at the $7,650 and $8,000 levels.
If the BTCUSD pair trades under the $7,000 level, sellers may test towards the $6,800 and $6,600 support levels.