Bitcoin is struggling to gain traction above the $7,000 level which is causing uncertainty towards the number one cryptocurrency in the short-term. A break below the $6,550 level could cause the BTCUSD pair to drop towards the $6,050 support level. Continued gains above the $7,100 level could encourage a rally in the BTCUSD pair towards the $8,000 resistance area.
The BTCUSD pair is only bullish while trading above the $6,550 level, key resistance is found at the $7,100 and the $8,000 levels.
If the BTCUSD pair trades below the $6,550, sellers may test the $6,050 and $5,850 support levels.
