BTCUSD heavily rejected
The number one largest cryptocurrency by market capitalization is under pressure on Monday after suffering a heavy technical rejection from the $9,000 level over the weekend. Going forward, the BTCUSD pair could start to test towards the $8,000 support level if the $8,500 level is broken with conviction. BTCUSD buyers may be looking to buy the cryptocurrency from a more attractive level if the $8,000 level is achieved.
The BTCUSD pair is only bullish while trading above the $8,500 level, key resistance is found at the $9,000 and the $9,200 levels.
If the BTCUSD pair trades below the $8,500, sellers may test the $8,000 and $7,700 support levels.