BTCUSD STRONGLY BEARISH BELOW $6,058

BTCUSD STRONGLY BEARISH BELOW $6,058

Bitcoin / Dollar BITFINEX:BTCUSD


Bitcoin             remains under heavy technical selling pressure on Monday, after earlier falling to its lowest trading level of the year so far on more bearish fundamental news.\u2028\u2028

Technical indicators are turning down for the BTCUSD             pair, pointing to further intraday losses below the $6,000 level.

\u2028\u2028Traders remained focused on the broader cryptocurrency market decline and the key $5,619 support level .

\u2028\u2028The BTCUSD             pair is strongly bearish while trading below the $6,058 level, key technical support is located at the $5,619 and $5,400 levels.\u2028\u2028

If the BTCUSD             pair moves above the $6,058 level, price may correct back towards the $6,200 and $6,480 resistance levels.