COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC /USD had almost nor gains neither losses in the past 24 hours as the currency pair declined for less than one percent. However, in general the situation is promising as the main cryptocurrency established new highs during the weekend.

Let’s get down to the 4 hours’ chart to see what’s going on with the cryptocurrency. Bitcoin has tested the supper area at $6,510 during the weekend but failed to develop its decline. We have updated the ascending trend line according to the recent price changes.
Bitcoin went upwards later and the price jumped over the resistance area at $6,701. BTC /USD stays above this level currently, but still unable to make any further upside steps. We think that the currency pair is going to grow today again as we have a clear bullish flag pattern on the chart.
The next target for Bitcoin grows lies at $6,943. The price is likely to reach this area within one-two days approximately. However, if bulls are more active, they will be able to develop their progress and to reach even higher tops.
As for the alternative scenario, if sellers gain temporary control over the market, they will be able to press the currency pair down towards the support area at $6,510.

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