Bitcoin remains under pressure on Tuesday as cryptocurrency as the halving event for the number one cryptocurrency takes place. Bears will look to hold price below the BTCUSD pairs monthly pivot point, around the $8,100 level, to increase technical selling. BTCUSD bulls need to hold price above the $8,800 level to encourage technical buying towards the $9,400 resistance level.
The BTCUSD pair is only bullish while trading above the $8,800 level, key resistance is found at the $9,400 and the $10,000 levels.
If the BTCUSD pair trades below the $8,800, sellers may test the $8,100 and $7,700 support levels.
