Bitcoin is starting to come under pressure as the broader cryptocurrency market starts to erode earlier weekly gains. Sentiment remains fragile towards the BTCUSD pair, ahead of the upcoming decision from the US SEC over a potential Bitcoin ETF. Buyers need to move price above the $6,500 level to negate the bearish short-term pressure building on the BTCUSD pair.
The BTCUSD pair is bearish while trading below the $6,500 level, key support is located at the $6,000 and $5,700 level
If the BTCUSD pair moves back above the $6,500 level, key resistance found at the $6,700 and $6,830 levels.
The BTCUSD pair is bearish while trading below the $6,500 level, key support is located at the $6,000 and $5,700 level
If the BTCUSD pair moves back above the $6,500 level, key resistance found at the $6,700 and $6,830 levels.
