Bullish trend in progress above $6,750 while the buyers are psychologically looking forward to $6,800 The 50 SMA will offer support above the bullish trendline and the area at $6,680. Bitcoin price is trading a short-term bullish flag pattern pending a possible upside breakout. The price is currently supported by the 100 Simple Moving Average at $6,730. There was a brief upside movement after opening the session on Thursday but bears entered close to $6,785 where the intraday gains have been capped today. At the moment there is a bullish trend in progress above $6,750 while the buyers are psychologically looking forward to $6,800 in the medium-term. Moreover, Bitcoin price is forming a rising wedge pattern with the upper limit zone at $6,818. If the bulls break above this level, BTC/USD could test the next resistance level at $6,850 before gaining strength to attack the coveted $7,000 zone. The MACD is recovering from the negative region while stochastic on the 15-minutes timeframe chart is moving further up to signal the heavy presence of buyers. On the flipside, BTC/USD is still supported at $6,730 – $6,720. The 50 SMA will offer support above the bullish trendline and the area at $6,680. A much stronger support is observed at $6,600 on the chart. BTC/USD 15′ 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 Brazil: No fireworks from central bank – Rabobank FX Street 3 years Bullish trend in progress above $6,750 while the buyers are psychologically looking forward to $6,800 The 50 SMA will offer support above the bullish trendline and the area at $6,680. Bitcoin price is trading a short-term bullish flag pattern pending a possible upside breakout. The price is currently supported by the 100 Simple Moving Average at $6,730. There was a brief upside movement after opening the session on Thursday but bears entered close to $6,785 where the intraday gains have been capped today. At the moment there is a bullish trend in progress above $6,750 while the buyers are psychologically… Top 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.
