Bitcoin is in a downwards trend. This trend line have been used as resistance back to the start of February. If we do not break this line we can get a pullback to 6600$ area that have been proven to be a important Support and Resistance.
If Bitcoin break above the trend line on the daily chart we can go higher towards the next resistance area.
If Bitcoin break above the trend line on the daily chart we can go higher towards the next resistance area.
Comment:
We moved up towards the trend line before we retraced to 6600$ and got a nice marked move up above the trend line.