Bitcoin retains a strong bid tone on Monday, after the number one cryptocurrency had its strongest monthly start in over twelve months. Bulls need to keep the BTCUSD pair above the $4,900 level in order to maintain the bullish intraday bias surrounding the cryptocurrency. Key weekly resistance for the BTCUSD pair is currently located at the $6,200 level.
The BTCUSD pair has a bullish bias while trading above the $4,900 level, key intraday resistance is found at the $5,300 and $5,700 levels.
Id the BTCUSD pair trades under the $4,900 level, sellers may test towards the $4,700 and $4,380 support levels.
