Bitcoin has continued its double-digit weekly decline, with the number one cryptocurrency crashing back towards the $7,500 support level. Going forward, a break below the $7,220 level would be extremely bearish for the BTCUSD pair over the medium-term. BTCUSD buyers desperately need to rally the cryptocurrency back above the psychological $8,000 resistance level.

The BTCUSD pair is only bullish while trading above the $8,000 level, key resistance is located at the $8,200 and $8,500 levels.

If the BTCUSD pair trades under the $8,000 level, sellers may test towards the $7,220 and $6,600 support levels.

- advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.