Bitcoin has seen a strong rejection from the $40,000 level as US stock fell after Joe Biden revealed his new $1.9 trillion stimulus bill. Key technical support for the BTCUSD pair is found at the $36,600 level in case the ongoing sell-off extends during the US session. To the upside, a weekly close above the $40,0
00 level could encourage technical buyers to test towards the $42,000 and $46,500 levels.
The BTCUSD pair is only bullish while trading above the $36,600 level, key resistance is found at the $40,000 and the $42,000 levels.
If the BTCUSD pair trades below the $36,600 level, sellers may test the $34,000 and $33,000 levels.