BTCUSD Risk driven

Bitcoin is heavy news-driven at the moment, as crypto traders are reacting to news surrounding the next US COVID-19 stimulus bill. Traders that are bullish towards the Bitcoin may be waiting for an extended price drop below the $18,000 level to buy the BTCUSD pair. Breakout traders may be waiting for a move above the $19,500 level to enter into the ongoing bullish trend.

• The BTCUSD pair is only bullish while trading above the $19,000 level, key resistance is found at the $19,500 and the $20,000 levels.

• If the BTCUSD pair trades below the $19,000 level, sellers may test the $18,000 and $17,500 levels.