murattpics

BTCUSD – Closing In On Major Resistance (Weekly chart)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin broke out to the upside of the tight consolidation in late March followed by very strong buying and we’re now approaching a major key resistance zone .

Trading below 6400 and bears looking for potential shorting opportunities can look for possible locations around the key resistance. A break and close above this key resistance would put 7350 and 8400 back on the radar.

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