The BTCUSD pair has come under increasing downside pressure over the weekend after bulls failed to take the number once crypto back above the $40,000 level. Technical analysis shows that the BTCUSD pair is now trapped inside a large symmetrical triangle pattern. A breakout under the bottom the triangle pattern, around the $32,000 level, could cause a heavy technical sell-off.
The BTCUSD pair is only bullish while trading above the $36,600 level, key resistance is found at the $38,000 and the $40,000 levels.
If the BTCUSD pair trades below the $36,600 level, sellers may test the $32,000 and $30,000 levels.