BTCUSD $56,000 target
Bitcoin has moved back towards the $54,000 resistance level, as positive risk sentiment in the financial market gives the top crypto a boost on Tuesday. Traders should note that a bullish breakout from a triangle pattern is underway while the BTCUSD pair trades above the $53,100 level. Overall, bulls could target the $56,000 level while the price continues to trade above the $53,100 level.
The BTCUSD pair is only bullish while trading above the $52,600 level, key resistance is found at the $55,000 and the $56,000 levels.
If the BTCUSD pair trades below the $52,600 level, sellers may test the $51,000 and $50,000 levels.