- The Bitcoin exchange rate konsolidiruyutsya in the neighborhood of $6,500.
- On the four-hour chart, there is forming an uptrend (according to the exchange Kraken).
- The rate of the traded pair could rise by a few points, however, will meet strong resistance at around $6,800.
The value of Bitcoin has stabilized at above $6,400. The bullish trend will occur only after overcoming the resistance levels at $6,600 and $6,800.
Possible uptrend to $7,000.
This nedelkos BTC corrected, after falling to $6,130. Traders managed to overcome resistance at $6,200 and $6,400. During the decline from $7,785 to $6,130 cryptocurrency exceeded the 23.6% Fibonacci level. However, at $6,700 sellers show increased activity.
On the four-hour chart, the Bitcoin exchange rate fell below $6,600, but has reached the support level of $6,500. In case of further appreciation needed to overcome the barriers at $6,600 and $6,700.
The graph shows that the rate of BTC konsolidiruyutsya above $6,400. If you can overcome the resistance level of $6,700, the upward trend will continue to $7,000.
The MACD for the 4 hour is in the zone of the bullish trend.
The RSI in 4 hours is about 50.
The main support level of $6,400.
Major resistance is $6,700.