Bitcoin is staying in a range, waiting for European players to join the game. The long-term trendline at $8,050 is still out of reach. Bitcoin has settled above $6,000 handle after a choppy start of the day. The coin is 2.6% higher than this time yesterday and mostly unchanged since the start of the day. Low trading activity ahead of the weekend is typical for the cryptocurrency market, that may engineer a strong movement in either direction by the end of the week. It looks like a period of calm before another storm. Ceteris Paribas, Bitcoin will finish this week in the green zone, which will become the first sequence of two positive weeks since the beginning of April. Bulls have some reasons for joy, however, it is too early to claim the reversal as the price still needs to get above $7,000. The long-term sloping trendline is currently at $8,050, followed by another key resistance level created by 50-SMA (weekly chart) – these are the ultimate goals for long-term players. On the shorter timeframe, BTC/USD needs to stay above $6,483 handle to peek the recovery in place. If it is broken, the downside may be extended towards $6,300 (200-SMA, 1-hour chart) and $6,000. BTC/USD, the 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 USD: Under pressure? – Westpac FX Street 3 years Bitcoin is staying in a range, waiting for European players to join the game. The long-term trendline at $8,050 is still out of reach. Bitcoin has settled above $6,000 handle after a choppy start of the day. The coin is 2.6% higher than this time yesterday and mostly unchanged since the start of the day. Low trading activity ahead of the weekend is typical for the cryptocurrency market, that may engineer a strong movement in either direction by the end of the week. It looks like a period of calm before another storm. Ceteris Paribas, Bitcoin will finish this week… 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.
