The BTCUSD pair is looking uncertain in the short-term after the FOMC policy meeting caused traders to move into the US dollar and shun Bitcoin and Gold. Bulls need to keep the price of Bitcoin above the $36,500 level to avoid further steep losses in the BTCUSD pair. If buyers can overcome the $40,000 level today then bulls are likely to test back towards the $41,000 resistance level.
The BTCUSD pair is only bullish while trading above the $40,000 level, key resistance is found at the $41,000 and the $43,000 levels.
If the BTCUSD pair trades below the $40,000 level, sellers may test the $38,000 and $36,500 levels.
