Bitcoin has moved above its technically important 200-period moving average on the four-hour time frame, around the $36,000 level. If BTCUSD bulls can keep up the upside attack then further gains towards the $40,000 resistance level remains possible this week. Traders should be aware that a daily price close above the $37,270 level will mean that the BTCUSD pair posts a positive monthly candle.

The BTCUSD pair is only bullish while trading above the $35,000 level, key resistance is found at the $38,200 and the $40,000 levels.

If the BTCUSD pair trades below the $35,000 level, sellers may test the $33,710 and $33,000 levels.