BTCUSD momentum lacking

Bitcoin remains weak on Friday as the pioneer cryptocurrency continues to struggle to make a fresh daily and weekly trading high. BTCUSD sellers may start to target the $6,000 level if weakness persists below the resistance $7,000 area. Overall, traders are likely to remain cautious about buying the BTCUSD pair from the current level ahead of the weekly and monthly price close.

• The BTCUSD pair is only bullish while trading above the $6,500 level, key resistance is found at the $7,000 and the $7,500 levels.

• If the BTCUSD pair trades below the $6,500, sellers may test the $6,000 and $5,500 support levels.