Bitcoin has broken above the technically important $36,600 level, meaning that the BTCUSD pair has broken from the $30,000 to $36,600 trading range. Technical analysis shows that the key former swing-high, at $39,000, is the next major upside level bulls need to break. A move above the $39,000 level could cause the Bitcoin to test towards its all-time price high, around the $42,000 level.
The BTCUSD pair is only bullish while trading above the $36,600 level, key resistance is found at the $39,000 and the $42,000 levels.
If the BTCUSD pair trades below the $36,600 level, sellers may test the $34,000 and $33,000 levels.