Bitcoin has rallied to a new all-time high, with the pioneer cryptocurrency finally breaking past the psychological $20,000 resistance barrier. A descending triangle pattern is projecting that the BTCUSD pair could start to rally towards the $22,000 or $23,000 levels. BTCUSD bulls need to move the cryptocurrency below the $19,300 level to increase technical selling pressure towards BTC.
The BTCUSD pair is only bullish while trading above the $19,300 level, key resistance is found at the $22,000 and the $23,000 levels.
If the BTCUSD pair trades below the $19,300 level, sellers may test the $18,800 and $18,400 levels.
