BTCUSD $19,000 High

Bitcoin is set for another important trading week, after posting its second-highest ever weekly price close above the $18,000 level. The $19,000 level is now acting as key technical resistance and is a key level that BTCUSD bulls must break this week. Failure to break the $19,000 level could result in the BTCUSD pair coming under downside pressure towards the $16,500 area.

The BTCUSD pair is only bullish while trading above the $17,500 level, key resistance is found at the $19,000 and the $19,800 levels.

If the BTCUSD pair trades below the $17,500 level, sellers may test the $16,800 and $16,500 levels.

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Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 40 million trading accounts.

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