Bitcoin has staged a recovery back towards $6,600 resistance level, as the broader cryptocurrency market continues to recover heavy losses incurred during the month of June.
The MACD indicator on the four hour time-frame is currently supportive of further intraday gains in the BTCUSD pair.
Buyers will now try to break above the $6,766 resistance level, while sellers will try to move the BTCUSD pair back below the key $6,280 support level.
The BTCUSD pair is intraday bullish while trading above the $6,280 level, further upside towards $6,766 and $7,000 remains possible.
If the BTCUSD pair moves below the $6,280 level, price may correct back towards the $6,100 and $5,950 support levels.