Bitcoin has recovered above the $6,000 resistance level after the Federal Reserve announced a massive bond buying package on Monday. The $6,600 level is now key resistance and a key area that bulls will look to break to encourage new technical buying. Failure to surpass the $7,000 resistance level this week may see BTCUSD bears starting to target the $5,000 support level.
The BTCUSD pair is only bullish while trading above the $6,000 level, key resistance is found at the $6,600 and the $7,800 levels.
If the BTCUSD pair trades below the $6,000, sellers may test the $5,500 and $4,800 support levels.
