More than five percent added in the past 24 hours. Bitcoin looks very bullish currently as the currency pair is close to July’s tops. We think that BTC/USD is likely to develop this positive tendency and establish new highs in the nearest future.
Bitcoin has reached our targets on Monday as the price had a significant momentum. BTC/USD has jumped over a couple of resistance levels including $6,510 and $6,701. This upside momentum is likely to continue on Tuesday.
As for the main scenario, we think that Bitcoin will develop its growth targeting the next resistance at $6,943. There are no signals currently, but the currency pair is above the support at $6,701 and still looks bullish.
However, if bulls will be unable to develop their progress, bears may start a correction targeting the support area at $6,510.
Check the full crypto analysis HERE>>>.
Bitcoin has reached our targets on Monday as the price had a significant momentum. BTC/USD has jumped over a couple of resistance levels including $6,510 and $6,701. This upside momentum is likely to continue on Tuesday.
As for the main scenario, we think that Bitcoin will develop its growth targeting the next resistance at $6,943. There are no signals currently, but the currency pair is above the support at $6,701 and still looks bullish.
However, if bulls will be unable to develop their progress, bears may start a correction targeting the support area at $6,510.
Check the full crypto analysis HERE>>>.
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