Bitcoin rallied to a new high over the weekend, with the first cryptocurrency rallying above the important $24,000 resistance level. Going forward, the $25,000 level is the next big upside level to watch, and a potential gateway for further gains towards $28,000. To the downside, sustained weakness below the $22,800 level exposes further BTCUSD losses towards $20,000.
The BTCUSD pair is only bullish while trading above the $22,800 level, key resistance is found at the $24,450 and the $25,000 levels.
If the BTCUSD pair trades below the $22,800 level, sellers may test the $21,000 and $20,000 levels.