BTCUSD Headed higher
Bitcoin is trading around the worst levels of the week so far after traders failed to break above the $13,360 level during yesterday’s US session. Traders that are bullish towards the BTCUSD pair may be looking to buy the dip in expectation of a rally towards the $14,000 resistance area this week. BTCUSD bulls may need a price to breakout above the $13,360 resistance level to accelerate technical buying towards the mentioned upside target.
The BTCUSD pair is only bullish while trading above the $12,900 level, key resistance is found at the $13,360 and the $13,900 levels.
If the BTCUSD pair trades below the $12,900 level, sellers may test the $12,200 and $11,900 levels.