BTCUSD BITCOIN BULLS TRYING TO HOLD RANGE BREAK
Bitcoin has broken above its established trading range in early Wednesday trade, with the world’s number one cryptocurrency so far finding resistance from the $6,800 level. It is worth noting that the BTCUSD pair has reversed quite sharply from the $6,800 level. Intraday buyers will need to keep price well above the $6,550 level to keep the bullish momentum and positive upside breakout intact.
The BTCUSD pair is bullish while trading above the $6,550 level, key resistance is found at the $6,800 and $7,100 levels.
If the BTCUSD pair trades below the $6,550 level, sellers may test towards the $6,150 and $6,050 support levels.
The BTCUSD pair is bullish while trading above the $6,550 level, key resistance is found at the $6,800 and $7,100 levels.
If the BTCUSD pair trades below the $6,550 level, sellers may test towards the $6,150 and $6,050 support levels.
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