Bitcoin Price Watch: BTC/USD Accelerating Gains Toward $6,700


Key Components

  • Bitcoin worth traded further elevated and broke the $6,515 resistance house in direction of the US Dollar.
  • There was a break above a key contracting triangle with resistance at $6,440 on the hourly chart of the BTC/USD pair (info feed from Kraken).
  • The value is inclined to hurry up good factors above the $6,550 and $6,600 ranges throughout the near time interval.

Bitcoin worth is positioned correctly above the $6,480 help in direction of the US Dollar. BTC/USD is susceptible to grind elevated within the course of the $6,700 stage throughout the near time interval.

Bitcoin Price Analysis

Yesterday, there was a minor draw again correction in bitcoin worth from the $6,480 swing extreme in direction of the US Dollar. The BTC/USD pair corrected lower and examined the $6,375 help, which acted as a big buy zone. In consequence, there was a up to date upward switch and the worth traded above the $6,440 and $6,475 resistance ranges. Moreover, the worth even broke the $6,500…



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