BTCUSD $40,000 test upcoming
The BTCUSD pair is starting to appear more bullish in the near-term as the top cryptocurrency firms above the $39,000 support level. Going forward, price stabilization above the $40,000 resistance level is likely to lead to a coming test of the all-time high. Medium-term analysis point to a potential upcoming rally in the BTCUSD pair towards the $45,500 resistance area.
The BTCUSD pair is only bullish while trading above the $37,300 level, key resistance is found at the $40,000 and the $41,000 levels.
If the BTCUSD pair trades below the $37,300 level, sellers may test the $36,500 and $35,000 levels.