Bitcoin is start to slide lower on Thursday after bulls failed to ignite a large inverted head and shoulders pattern on the four-hour time frame. The ongoing price drop could also be happening as s final right-hand shoulder forms to complete the inverted head and shoulders pattern. BTCUSD bulls may look to buy to the price pullback as close to the $29,000 support level as possible.
The BTCUSD pair is only bullish while trading above the $33,000 level, key resistance is found at the $34,900 and the $36,500 levels.
If the BTCUSD pair trades below the $33,000 level, sellers may test the $31,800 and $30,000 levels.
