Биткоин

BTCUSD under downside pressure

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Bitcoin has started the new trading week under selling pressure, with the BTCUSD pair now probing towards the $3,500 support level. The BTCUSD pair has broken below a symmetrical triangle pattern, following days of price consolidation. A clear break below the $3,485 level will likely encourage technical sellers to test towards the important $3,300 support level.

The BTCUSD pair is strongly bearish while trading below the $3,485 level, key technical support remains at the $3,300 and $3,100 levels.

If the BTCUSD pair moves back above the $3,660 level, key technical resistance is found at the $4,000 and $4,220 levels.

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