BTCUSD Correction possible
Bitcoin is struggling to overcome the $19,000 resistance level in early-week trading, further increasing the chances of a short-term technical correction. Technical analysis over the short-term suggests that the BTCUSD pair could correct back towards the $16,000 level. A breakout below the $17,700 support level is currently required to increase technical selling towards the BTCUSD pair.
The BTCUSD pair is only bullish while trading above the $18,300 level, key resistance is found at the $18,800 and the $19,000 levels.
If the BTCUSD pair trades below the $18,300 level, sellers may test the $17,700 and $16,500 levels.