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Mar 25, 2020
BTCUSD resistance holds
Bitcoin is coming under slight downside pressure after bulls failed to break above the former weekly trading high, just below the $7,000 level. Continued upside failure could see the BTCUSD pair testing back towards the $5,500 support level. Overall, unless BTCUSD bulls breakout above the $7,000 level the number one cryptocurrency could be headed for the large drop.
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The BTCUSD pair is only bullish while trading above the $6,300 level, key resistance is found at the $7,000 and the $7,800 levels.
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If the BTCUSD pair trades below the $6,300, sellers may test the $5,900 and $5,500 support levels.