Bitcoin has started the week with a neutral bias as the short-term outlook for the top cryptocurrency still remains largely uncertain. The daily time frame shows that a bullish breakout from a falling price channel remains valid while the BTCUSD pair holds above the $33,000 level. Bulls could take aim at the $35,900 resistance zone if the price holds above the $33,000 level this week.
The BTCUSD pair is only bullish while trading above the $33,000 level, key resistance is found at the $35,900 and the $38,300 levels.
If the BTCUSD pair trades below the $33,000 level, sellers may test the $32,100 and $31,000 levels.