Technical analysis
- Bitcoin is only bullish while the price continues to trade above the $20,000 support level.
- Bitcoin bears need to break the $19,000 support level intraday in order to force the next technical breakout.
What the possible outcomes are
In our most likely scenario, the BTCUSD pair will continue to trade to the upside and test towards the $20,000 level.
Alternatively, the BTCUSD pair may trade lower from current levels and test towards the $18,000 level.
Key levels
Support $19,000 $18,000
Resistance $20,000 $20,400
