BTCUSD Testing Support

Bitcoin is once again under heavy selling pressure as the top crypto and a number of important altcoins continue to drift lower. The main focus for traders will be the $33,000 support level, as this area marks the bottom of a symmetrical triangle pattern. A break under this area could see the BTCUSD pair falling towards the $30,000 and possibly the $28,000 support region.

The BTCUSD pair is only bullish while trading above the $35,000 level, key resistance is found at the $36,600 and the $38,000 levels.

If the BTCUSD pair trades below the $35,000 level, sellers may test the $33,000 and $30,000 levels.

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Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 40 million trading accounts.

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