THELOGICALINDIAN - Key Points
Bitcoin amount is accepting absorption aloft $6,640 adjoin the US Dollar. BTC/USD is acceptable to move added college appear $6,840 and $6,880 if buyers abide in action.
After a brief attempt to breach $6,540, buyers assuredly acquired drive to advance bitcoin amount college adjoin the US Dollar. The BTC/USD brace traded college and bankrupt the $6,550 and $6,580 attrition levels. There was alike a abutting aloft the $6,620 akin and the 100 alternate simple affective average. Furthermore, the amount traded aloft the 61.8% Fib retracement akin of the aftermost accelerate from the $6,839 aerial to $6,318 low.
More importantly, yesterday’s accent important bearish trend band was breached with attrition at $6,495 on the alternate blueprint of the BTC/USD pair. The brace alike bankrupt the $6,720 attrition and is currently placed accurately in a bullish zone. It seems like the amount could achieve aloft the 76.4% Fib retracement akin of the aftermost accelerate from the $6,839 aerial to $6,318 low. The next resistance for buyers is abreast the $6,840 beat high. Aloft this, the amount could ambition a new account college appear the $6,900 level.
Looking at the chart, bitcoin amount is accepting absorption aloft the $6,700 level. If buyers abide in action, the amount could abide to move college appear the $6,840 level. On the downside, dips appear $6,640 and $6,600 are acceptable to acquisition a able affairs absorption in the abreast term.
Looking at the abstruse indicators:
Hourly MACD – The MACD for BTC/USD is accepting backbone in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI is now able-bodied aloft the 60 level.
Major Support Level – $6,640
Major Resistance Level – $6,840
