Bitcoin remains under heavy bearish price on Friday, as the number one cryptocurrency fails to attract buying interest from depressed trading levels. The BTCUSD pair could extend its decline towards the $6,600 level before short and medium-term buyers return. Overall, BTCUSD sellers are increasingly likely to fade any moves back towards the $8,000 resistance level later today.
• The BTCUSD pair is only bullish while trading above the $8,000 level, key resistance is located at the $8,360 and $8,500 levels. • If the BTCUSD pair trades under the $8,000 level, sellers may test towards the $7,000 and $6,600 support levels.