Bitcoin Is Flat, Buyers Ready to Attack

The currency pair has lost more than one percent in the past 24 hours. However, in general the situation is neutral meaning sellers have no power to push Bitcoin lower. The buyers are hesitating but have chances to change the situation while there are no important news.
Let’s zoom in to see the current situation. The currency pair fluctuated with no clear direction during the weekend below $6,510 resistance area. However, BTC/USD was unable to reach the closest support at 3.618 as well. The possible ways for Bitcoin are the following:
1. Red scenario (bearish). The currency pair will break through the support at 3.618 retracement level and move lower, targeting the basis of the Fibonacci tool.
2. Orange scenario (neutral). Bitcoin will stay within the current range, limited by the resistance area at $6,510 and the support at 3.618 retracement level with no significant price changes.
3. Green scenario (bullish). The currency pair will break through the closest resistance area at $6,510 and move higher, targeting the next resistance at $6,718.

Check the full crypto analysis HERE>>>.