Bitcoin has had a mixed weekend on the cryptocurrency market after failing to rally above the $60,000 level, despite last Friday’s promising price rally. Bulls could target the $65,000 level if they managed to break past the $60,000 resistance level this week. The overall uptrend in the BTCUSD pair will come into question if the daily candle starts to close below the $56,800 level.
The BTCUSD pair is only bullish while trading above the $56,800 level, key resistance is found at the $60,000 and the $65,000 levels.
If the BTCUSD pair trades below the $56,800 level, sellers may test the $55,000 and $53,000 levels.
