Bitcoin has reached the $36,000 level this morning, marking a huge upside recovery from the pioneer crypto from the $30,000 area. Technical analysis shows that the $38,700 and $41,000 levels are now the main upside targets prior to the all-time high. To the downside, failure around the $36,000 level could cause a sell-off towards the $33,000 and $29,000 support areas.
The BTCUSD pair is only bullish while trading above the $33,000 level, key resistance is found at the $36,000 and the $38,700 levels.
If the BTCUSD pair trades below the $33,000 level, sellers may test the $30,000 and $29,000 levels.
