BTCUSD Breaking out
Bitcoin has broken above the February trading high, at $58,360, as the bullish news surrounding the top cryptocurrencies continues. The Parabolic SAR on the daily time frame is now issuing a strong buy signal, following Tuesday leap above the $58,360 level. Any sudden loss of the $58,360 level and BTCUSD dip-buyers may be lurking from the $57,000 support zone.
The BTCUSD pair is only bullish while trading above the $55,000 level, key resistance is found at the $60,000 and the $63,000 levels.
If the BTCUSD pair trades below the $55,000 level, sellers may test the $54,000 and $51,000 levels.