Bitcoin stays above $6,000, but the upside has stalled. Litecoin’s founder comes out with encouraging tweets. Bitcoin is changing hands at $6,150, mostly unchanged since the start of the day. The upside correction from Sunday’s low is losing traction on approach to technically important levels. Obviously, the market is in desperate need of some positive news, that will serve as a signal for hibernating crypto bulls. Meanwhile, crypto bulls struggle to calm down speculative panic on the market by reminding traders and investors that Bitcoin has a history of deep corrections and even downside trends, but in the longer-term perspective it is still a viable investment and revolutionary concept. “I have not seen so much hate towards one another on crypto Twitter since I first started tweeting. I realize the bear is giving us a beating, but this is what makes us stronger in the long run. And this is what “blood in the streets” look like,” Charlie Lee wrote in his Twitter account Bitcoin technical picture BTC/USD stays above 50-SMA (hourly chart) at $6,069. If it is broken. the downside may be extended to the psychological $6,000 and to $5,777, which is Sunday’s low. On the upside, the short0term resistance comes at $6,269 (100-SMA, hourly chart), followed by upper line created by Andrew’s pitchfork, currently seated at $6,400. 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 poised to test 1.1500 – Danske Bank FX Street 5 years Bitcoin stays above $6,000, but the upside has stalled. Litecoin's founder comes out with encouraging tweets. Bitcoin is changing hands at $6,150, mostly unchanged since the start of the day. The upside correction from Sunday's low is losing traction on approach to technically important levels. Obviously, the market is in desperate need of some positive news, that will serve as a signal for hibernating crypto bulls. Meanwhile, crypto bulls struggle to calm down speculative panic on the market by reminding traders and investors that Bitcoin has a history of deep corrections and even downside trends, but in the longer-term perspective… 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.
