Bitcoin has rallied back above the $19,000 level, with a number of key technical indicators starting to issue short-term buy signals. Breakout traders may look to buy into the coming rally if the cryptocurrency starts to hold above the psychological $20,000 level. Traders that are bearish towards the BTCUSD pair now need to wait for a daily price close below the $18,400 level.
The BTCUSD pair is only bullish while trading above the $19,000 level, key resistance is found at the $20,000 and the $20,700 levels.
If the BTCUSD pair trades below the $19,000 level, sellers may test the $18,400 and $17,500 levels
