Bitcoin has opened the new trading week with a bullish tone, as BTCUSD buyers attempt to recover the losses that occurred towards the end of last week. The Ichimoku indicator is currently showing that major weekly support is located at the $4,920 level, while critical support is located at the $4,500 level. Key weekly resistance for the BTCUSD pair is currently found at the $5,454 and $6,200 levels.
The BTCUSD pair is bullish while trading above the $4,920 level, key intraday resistance is found at the $5,454 and $6,200 levels.
If the BTCUSD pair trades under the $4,920 level, sellers may test towards the $4,700 and $4,500 support levels.