BTCUSD $36,000 Target
Bitcoin has staged a major upside rally over the weekend after finally breaking past the psychological $30,000 resistance barrier. Technical analysis shows that a bullish price pattern is pointing to the $36,000 level as a possible final upside target for the BTCUSD pair. To the downside, only a major bearish catalyst can derail the pioneer crypto due to the ongoing supply shortage.
The BTCUSD pair is only bullish while trading above the $27,800 level, key resistance is found at the $36,000 and the $37,800 levels.
If the BTCUSD pair trades below the $27,800 level, sellers may test the $26,000 and $24,000 levels.
Reprinted from ActionForex，the copyright all reserved by the original author.
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