Bitcoin has opened the new trading week largely unchanged, with the world’s number one cryptocurrency continuing to experience record low levels of trading activity. The BTCUSD pair is trading between the $6,450 and $6,300 levels, as price remains range bound in the short-term. A breach of the $6,450 exposes further upside to at least the $6,550 level, while a move below the $6,320 may support selling towards the $6,225 level.
The BTCUSD pair is only bullish while trading above the $6,450 level, key resistance remains at the $6,550 and $6,730 levels.
If the BTCUSD pair trades below the $6,320 level, sellers are likely to test towards the $6,220 and $6,100 support levels.