BTCUSD bearish below $8,400
Bitcoin has stared the month of June fairly subdued, with bulls so far failing to stop the cryptocurrency moving back under the $8,000 level. However, the bullish pattern on the four-hour time frame still remains in play, with neckline support currently located at the $8,400 level. Overall, the BTCUSD pair needs to move price above the $8,400 level or it risks a much deeper technical pullback towards the $7,000 level.
The BTCUSD pair is only bullish while trading above the $8,400 level, key resistance is found at the $9,000 and $9,600 levels.
If the BTCUSD pair trades under the $8,400 level, sellers may test towards the $7,000 and $6,500 support levels.
The BTCUSD pair is only bullish while trading above the $8,400 level, key resistance is found at the $9,000 and $9,600 levels.
If the BTCUSD pair trades under the $8,400 level, sellers may test towards the $7,000 and $6,500 support levels.
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