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Mar 27, 2020
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.
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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.
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If the BTCUSD pair trades below the $6,500, sellers may test the $6,000 and $5,500 support levels.