Bitcoin has broken above the $35,000 resistance level, with the number cryptocurrency hitting $35,800 in early Wednesday trade. Technical analysis highlights the $42,000 level as the strongest form of resistance if the $36,000 level is broken with conviction. To the downside, the $36,000 level is a major upside of a bullish price pattern and could be a potential take profit zone.
The BTCUSD pair is only bullish while trading above the $31,500 level, key resistance is found at the $36,000 and the $42,000 levels.
If the BTCUSD pair trades below the $31,500 level, sellers may test the $28,500 and $27,700 levels.
