Bitcoin recently rallied above the $58,000 level, due to the bullish news that VISA would soon be allowing cryptocurrency payments. Bulls now need to need to close the daily candle above the February high, around the $58,360 level, to cement the overall bid-tone behind the BTCUSD pair. Traders may decide to buy any pullbacks towards the $56,000 level to enter into the existing bullish trend.
The BTCUSD pair is only bullish while trading above the $56,000 level, key resistance is found at the $58,360 and the $60,000 levels.
If the BTCUSD pair trades below the $56,000 level, sellers may test the $54,000 and $51,000 levels.
