BTCUSD Bulls return
Bitcoin is finally starting to receive strong buying interest once again, as the pioneer cryptocurrency tests towards a two-year trading high. Traders that are bullish towards the BTCUSD pair may be targeting an eventual rally towards the $17,000 resistance level this week. Multiple daily price closes above the $16,200 level will confirm that the BTCUSD is headed towards the $17,000 level.
The BTCUSD pair is only bullish while trading above the $15,300 level, key resistance is found at the $16,200 and the $17,000 levels.
If the BTCUSD pair trades below the $15,300 level, sellers may test the $14,900 and $14,500 levels.