The BTCUSD pair is struggling to force an upside breakout while other top altcoins are currently rallying on the cryptocurrency market. The BTCUSD pair is consolidating inside a large triangle pattern which indicates that a major directional breakout will soon become. Technical analysis highlights that a move above the $38,000 resistance level could see the cryptocurrency quickly testing $40,000 again.
The BTCUSD pair is only bullish while trading above the $36,000 level, key resistance is found at the $38,000 and the $40,000 levels.
If the BTCUSD pair trades below the $36,000 level, sellers may test the $33,000 and $30,000 levels.
