Right now Bitcoin is resting in amongst 3 overlapping support levels.
The $6,325 is looking like a strong support level in the short-term and should help drive the asset sideways.
BTC likely to oscillate between this level and the $6,700 resistance above until further news arrives to lift the current market sentiment.
If bears are successful in driving BTC below $6,325 then the $6,240 support below should provide a foothold for bullish traders.
If candles close below this level then we should expect BTC to unravel toward the 'danger zone' at the $6K - $5.8K region.
Cheers guys
The $6,325 is looking like a strong support level in the short-term and should help drive the asset sideways.
BTC likely to oscillate between this level and the $6,700 resistance above until further news arrives to lift the current market sentiment.
If bears are successful in driving BTC below $6,325 then the $6,240 support below should provide a foothold for bullish traders.
If candles close below this level then we should expect BTC to unravel toward the 'danger zone' at the $6K - $5.8K region.
Cheers guys