Bitcoin is attempting to stage a breakout on the lower time frame after sellers repeatedly failed to hold the BTCUSD pair under the $36,000 level. Sustained gains above the $37,000 level should cause the BTCUSD pair to rally towards the $38,400 level. Failure to overcome the $37,000 level and the BTCUSD pair could fall towards the $35,600 support area on an intraday basis.
The BTCUSD pair is only bullish while trading above the $37,000 level, key resistance is found at the $37,400 and the $38,400 levels.
If the BTCUSD pair trades below the $37,000 level, sellers may test the $36,000 and $35,600 levels.
