Bitcoin is looking increasingly bullish in the near-term as the number one cryptocurrency continues to hold above the technically important $36,000 level. Technical analysis highlights the $42,000 level as a possibly weekly target for BTCUSD bulls. Lower time frame analysis shows that the $38,400 level is the strongest form of upcoming technical resistance.
The BTCUSD pair is only bullish while trading above the $36,000 level, key resistance is found at the $38,400 and the $42,000 levels.
If the BTCUSD pair trades below the $36,000 level, sellers may test the $34,700 and $32,000 levels.
