Bitcoin has staged a strong bounce back on the cryptocurrency market after the BTCUSD pair suffered a twenty percent correction on Monday. Traders that are bullish towards the BTCUSD pair may have bought the dip in expectation of a coming rally towards the $36,000 area. The upcoming Georgia state run-off could create more volatility for Bitcoin in the short-term.
The BTCUSD pair is only bullish while trading above the $30,000 level, key resistance is found at the $36,000 and the $37,000 levels.
If the BTCUSD pair trades below the $30,000 level, sellers may test the $28,500 and $27,700 levels.
