Bitcoin is continuing to advance to fresh multi-year highs, with the number one cryptocurrency closing in on three-year trading high. BTCUSD bulls next major upside target past $17,000 is likely to be $17,200 level, which is a key swing high for late-2017. To the downside, the $17,490 level is likely to act as former resistance now turned key support on any meaningful pullbacks.
The BTCUSD pair is only bullish while trading above the $16,100 level, key resistance is found at the $17,200 and the $17,800 levels.
If the BTCUSD pair trades below the $16,100 level, sellers may test the $15,900 and $15,700 levels.
