Bitcoin is set for another important trading week, after posting its second-highest ever weekly price close above the $18,000 level. The $19,000 level is now acting as key technical resistance and is a key level that BTCUSD bulls must break this week. Failure to break the $19,000 level could result in the BTCUSD pair coming under downside pressure towards the $16,500 area.
The BTCUSD pair is only bullish while trading above the $17,500 level, key resistance is found at the $19,000 and the $19,800 levels.
If the BTCUSD pair trades below the $17,500 level, sellers may test the $16,800 and $16,500 levels.
