Of course Bitcoin: price will rise to $6,850✌

Of course Bitcoin: price will rise to $6,850✌

Key points

  • The rate of Bitcoin has increased, breaking the resistance zone at around $6,580-6,600.

  • On the four-hour chart has formed a bullish trend with the support level of $6,550 (according to the exchange Kraken).

  • At the moment the price of BTC is reduced, however, sellers will not be able to break through the barrier of $6,550.

The value of Bitcoin has exceeded the key level of resistance at around $6,600, in the near future the price of the coin will reach $6,850.

Bitcoin is protected from large losses.

This week the rise of cryptocurrency began with a support level at around $6,110. Buyers broke the resistance around $6,380, $6,500 and $6,600. Price koina approached the next barrier is $6,850, and then corrected to $6,718.

During the last increase rate from $6,111 to $6,831 cryptocurrency was trading above 23.6% Fibonacci level. In the case of a correction of the rate of BTC, price koina could fall to the support level of $6,600. However, the four-hour chart has formed a bullish trend-line support at around $6,550.

During the upward movement rate of Bitcoin will meet strong resistance around $6,850. In case of overcoming of this barrier will increase the bullish trend, the price will increase to $7,000. If the market continues domination of buyers, the coin will rise to the next resistance barrier of $7,350.

The MACD 4 hours – slightly in the zone of the bearish trend.

The RSI for 4 hours – exceeding 50.</p>

The main support level of $6,550.

Major resistance at $6,850.

Of course Bitcoin for a week prepared in accordance with technical indicators and current situation on the market!

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