BTCUSD Takes a hit
Bitcoin has started to turn lower due to a resurgence in the US dollar over hopes that a Coronavirus vaccine will be available next year. Crypto traders have chosen to sell the vaccine, placing the $14,200 level as the foremost technical resistance for the BTCUSD pair. Traders should note that a break under the $14,200 support level could cause the BTCUSD pair to plunge lower towards the $12,700 area.
The BTCUSD pair is only bullish while trading above the $14,200 level, key resistance is found at the $16,000 and the $17,200 levels.
If the BTCUSD pair trades below the $14,200 level, sellers may test the $13,800 and $13,300 levels.