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
Technical indicators are turning down for the BTCUSD pair, pointing to further intraday losses below the $6,000 level.
Traders remained focused on the broader cryptocurrency market decline and the key $5,619 support level.
The 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.
If the BTCUSD pair moves above the $6,058 level, price may correct back towards the $6,200 and $6,480 resistance levels.