Bitcoin has broken to the downside alongside the broader cryptocurrency market as buying interest above the $7,000 continued to wane. The BTCUSD pair could start to move towards the $6,050 level if price breaks below the $6,550 support level. If BTCUSD bulls can hold price above $6,850 level short-term bulls may be encourage to try attack back towards the $7,000 level.
The BTCUSD pair is only bullish while trading above the $7,000 level, key resistance is found at the $7,450 and the $7,800 levels.
If the BTCUSD pair trades below the $7,000, sellers may test the $6,550 and $6,000 support levels.
