Cryptocurrency market trading volume surges by $3 billion to $13 billion. Bitcoin to face resistance at $6,530 in readiness for a zoom past $6,700 in the medium-term. Bitcoin price has started its sideways trading trend again after a beautiful rise from the resistance range at $6,400. The price tested $6,530 to the upside after correcting above $6,500 at the close of the trading session on Tuesday. However, the bulls ran out of steam hence the drop that has found a support at $6,490. The 50 SMA (15-minutes) is currently limiting gains at $6,507. A couple of other significant resistance zones are present at $6,520 and $6,530. As mentioned before, BTC/USD has established a support at $6,490. In addition to that, the 100 SMA is positioned to offer support at $6,472.2 on the same chart. The MACD is currently ranging at the mean line after slopping down from 29.24. The fast stochastic oscillator confirms that presence of the bears in the market with a drop heading into the oversold region. Bitcoin bulls must continue to hold tight at $6,500 and stop losses heading in the direction of the short-term support. A correction above $6,530 will open the door for gains above $6,600. As discussed in another Bitcoin story published by FXStreet, the asset is headed for $6,700 in the medium-term in preparation for a swing above $7,000. Elsewhere, the cryptocurrency market trading volume has been rising in tandem with the bullish trend in the market. The volume was at $10 billion three days ago has increased exponentially above $13 billion. The king of cryptocurrencies, Bitcoin has seen a rise in the trading volume from $3.1 billion to the current $5 billion. Other cryptos that have contributed significantly include, Ripple (XRP), Bitcoin Cash (BCH), Stellar (XLM) and Cardano (ADA) among others. BTC/USD 15-minutes chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/CAD still bullish above 1.2915/1.2885 – Commerzbank FX Street 4 years Cryptocurrency market trading volume surges by $3 billion to $13 billion. Bitcoin to face resistance at $6,530 in readiness for a zoom past $6,700 in the medium-term. Bitcoin price has started its sideways trading trend again after a beautiful rise from the resistance range at $6,400. The price tested $6,530 to the upside after correcting above $6,500 at the close of the trading session on Tuesday. However, the bulls ran out of steam hence the drop that has found a support at $6,490. The 50 SMA (15-minutes) is currently limiting gains at $6,507. A couple of other significant resistance zones… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.