Bitcoin is attempting to gain traction above the $6,000 level as bulls continue to buy dips in the number cryptocurrency by market capitalization. A sustained break above the $6,430 level could see the BTCUSD pair rallying towards the $6,600 technical area. A reversal from current levels and weakness below the $6,000 support level could result in a key technical test of the $5,500 level.
The BTCUSD pair is only bullish while trading above the $6,430 level, key resistance is found at the $6,600 and the $7,000 levels.
If the BTCUSD pair trades below the $6,430, sellers may test the $5,800 and $5,500 support levels.
