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Apr 13, 2020
BTCUSD recovery underway
Bitcoin is on the rise as the new trading week begins as sellers failed to build on last Friday’s sell-off below the $7,000 support level. BTCUSD bulls could soon attack towards the $7,700 resistance area if they continue to gain traction above the $7,000 level. A sustained breakout above the $7,460 level is likely to increase technical buying interest towards the BTCUSD pair.
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The BTCUSD pair is only bullish while trading above the $7,000 level, key resistance is found at the $7,460 and the $7,700 levels.
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If the BTCUSD pair trades below the $7,000, sellers may test the $6,750 and $6,550 support levels.