BTC at a crucial spot in its journey to the North. Weekly close above key resistance would be final nail in the bears’ coffin. Bitcoin, the poster boy of the cryptocurrency world has given yet another breakout on the daily and weekly charts, which would only be long term positive in its journey to the North after a tumultuous past that saw prices crash like nine pins. BTC/USD is up more than three percent on day at $6,546 in about four percent range for the day. Saturday’s rally is supported by a breakout of a horizontal resistance line drawn from February 2018 low that broke down in November which resulted in prices nearly halving within a month. Now that the price of the largest crypto coin is back above this key resistance line, all that the bulls need is a close above this key resistance line, which would now act as a support – placed at $6,137 currently while it faces resistance in the form of 100 weeks SMA exactly where the price is – $6,539. BTC/USD daily chart: BTC/USD weekly 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 US Congressman suggests crypto blanket ban. Twitter reacts. FX Street 3 years BTC at a crucial spot in its journey to the North. Weekly close above key resistance would be final nail in the bears' coffin. Bitcoin, the poster boy of the cryptocurrency world has given yet another breakout on the daily and weekly charts, which would only be long term positive in its journey to the North after a tumultuous past that saw prices crash like nine pins. BTC/USD is up more than three percent on day at $6,546 in about four percent range for the day. Saturday's rally is supported by a breakout of a horizontal resistance line drawn from… 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.
