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Bitcoin Price Analysis: Double-Top Could Send BTC Below $6,000 Very Soon?

From octafx.com

Bitcoin is maintaining its recent strong bid-tone, with the number one cryptocurrency being bought on any meaningful dips. The $6,500 level is now offering key technical support in the short-term and a key area to watch during the US trading session. A sustained technical breakout above the $6,850 level could see the BTCUSD pair rallying towards the $7,200 resistance level. • The BTCUSD pair is only bullish while trading above the $6,300 level, key resistance is found at the $7,000 and the $7,200 levels. • If the BTCUSD pair trades below the $6,300, sellers may test the $5,900 and $5,500 support levels. (full story)

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  • Category: Technical Analysis