BTCUSD $35,000 now key
Bitcoin is starting to test above the $35,000 resistance level as bullish sentiment towards cryptos starts to increase on Tuesday. Sustained gains in the BTCUSD pair above the $35,000 level could lead to a test of the $38,000 resistance level this week. Alternatively, failure to hold the BTCUSD pair above the $35,000 level could lead to a large price rejection towards the $30,000 area.
The BTCUSD pair is only bullish while trading above the $34,000 level, key resistance is found at the $36,000 and the $38,000 levels.
If the BTCUSD pair trades below the $34,000 level, sellers may test the $31,600 and $30,000 levels.