Bitcoin could be due to rebound this week as sellers have failed to gain traction below the lower daily Bollinger Band, despite numerous attempts. The Stochastic indicator is also extremely oversold on the daily time frame, meaning that the BTCUSD pair could rebound at any time. The $33,000 level is a likely bullish target, although the $35,000 resistance level is also possible.
The BTCUSD pair is only bullish while trading above the $33,000 level, key resistance is found at the $34,000 and the $35,000 levels.
If the BTCUSD pair trades below the $33,000 level, sellers may test the $31,000 and $30,000 levels.
