cvesting

Crypto traders need to watch Bitcoin carefully now

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
With upward momentum on most cryptocurrencies slowing, the next move for most is likely to depend on Bitcoin -0.81%.

BTC -0.81%struggled against resistance (1) on Friday and failed to make a new high. It is now struggling against hourly
resistance at $6,660, which means it will probably have to successfully test support if we are to see further gains.

The support levels to watch are $6,555, $6533 and key support at $6,462.

If those levels don't hold, a move down to $6,331 and possibly lower are probable, and the entire crytpto market will turn bearish .
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