BTCUSD Triangle battle
The BTCUSD pair is struggling for directional as the pioneer cryptocurrency remains trapped inside a symmetrical triangle pattern between the $33,000 and $38,000 level. Technical analysis is warning of a $5,000 directional move in the BTCUSD pair once a confirmed breakout from the triangle takes place. In the near-term, daily price closes around the $36,600 level remain key.
The BTCUSD pair is only bullish while trading above the $36,600 level, key resistance is found at the $38,000 and the $40,000 levels.
If the BTCUSD pair trades below the $36,600 level, sellers may test the $34,500 and $33,000 levels.