Bitcoin stays above $6,200, which is positive in the short-term. Major resistance at $6,400 looms large. Bitcoin is changing hands at $6,232, 1.5% higher on daily basis and unchanged since the start of the day. The coin is grinding higher within the upside from Sunday’s low, approaching to technically important levels. However, it is unlikely to show spectacular results without much needed positive news. Bitcoin’s market cap stays at $105B, while average trading volumes registered at $5.5B. Bitcoin technical picture BTC/USD climbed above both 50 and 100-SMA (hourly chart), which is a positive sign in the short-term timeframe. However, the price needs to get above the resistance line created by Andrew’s pitchfork, currently seated at $6,400 to continue growing. This breakthrough will improve technical picture and stimulate extended upside correction. On the downside, a movement below $6,115 (50-SMA) will expose $6,600 and $5,777, which is Sunday’s low. BTC/USD, hourly 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 EUR/USD is charting a double bottom reversal, risk-off could weigh on the USD FX Street 3 years Bitcoin stays above $6,200, which is positive in the short-term. Major resistance at $6,400 looms large. Bitcoin is changing hands at $6,232, 1.5% higher on daily basis and unchanged since the start of the day. The coin is grinding higher within the upside from Sunday's low, approaching to technically important levels. However, it is unlikely to show spectacular results without much needed positive news. Bitcoin's market cap stays at $105B, while average trading volumes registered at $5.5B. Bitcoin technical picture BTC/USD climbed above both 50 and 100-SMA (hourly chart), which is a positive sign in the short-term timeframe.… 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.
