BTCUSD Stimulus boost
Bitcoin is receiving a boost on Wednesday over growing hopes that Republican and Democrat politicians are going to agree on a new stimulus package. Technical analysis shows that a breakout above the $19,600 level could see the BTCUSD pair rallying to a nee all-time high. To the downside, weakness below the $18,800 level could cause a major technical sell-off towards the $18,000 level.
The BTCUSD pair is only bullish while trading above the $18,800 level, key resistance is found at the $19,600 and the $19,900 levels.
If the BTCUSD pair trades below the $18,800 level, sellers may test the $18,400 and $18,000 levels.