Bitcoin is on the rise towards the $7,650 level on Monday, after seeing strong dip-buying interest from around the $7,050 region, last Friday. A break above the $7,650 level would be extremely bullish for the BTCUSD pair and could provoke a test of the $8,000 level this week. Only a sustained loss of the $7,100 level should cause concerns for short-term BTCUSD buyers.
- The BTCUSD pair is only bullish while trading above the $7,100 level, key resistance is located at the $7,650 and $8,000 levels.
- If the BTCUSD pair trades under the $7,100 level, sellers may test towards the $6,800 and $6,500 support levels.
