Bitcoin is under pressure BELOW the $37,000 level, following a Tweet from Elon Mush and a sudden bout of strength in the US dollar currency. The one-hour time frame shows that a bearish breakout from a triangle pattern will take place if the BTCUSD pair holds under the $36,600 level. If weakness below the $36,600 level persists then Bitcoin could fall towards the $35,000.
The BTCUSD pair is only bullish while trading above the $36,600 level, key resistance is found at the $37,500 and the $38,400 levels.
If the BTCUSD pair trades below the $36,600 level, sellers may test the $36,000 and $35,000 levels.
