Bitcoin has broken above its established trading range in early Wednesday trade, with the world’s number one cryptocurrency so far finding resistance from the $6,800 level. It is worth noting that the BTCUSD pair has reversed quite sharply from the $6,800 level. Intraday buyers will need to keep price well above the $6,550 level to keep the bullish momentum and positive upside breakout intact.
The BTCUSD pair is bullish while trading above the $6,550 level, key resistance is found at the $6,800 and $7,100 levels.
If the BTCUSD pair trades below the $6,550 level, sellers may test towards the $6,150 and $6,050 support levels.
The BTCUSD pair is bullish while trading above the $6,550 level, key resistance is found at the $6,800 and $7,100 levels.
If the BTCUSD pair trades below the $6,550 level, sellers may test towards the $6,150 and $6,050 support levels.
