Bitcoin is starting to lose bullish short-term momentum after last weeks upside recovery, with buyers continuing to struggle to break the key $6,550 level. The MACD indicator across the four-hour time frame is also starting to struggle to trend higher. Buyers need to break the $6,550 resistance level, while sellers will look to move price below the $6,400 support level.
The BTCUSD pair is only bearish while trading below the $6,400 level, key support is located at the $6,150 and $6,000 levels.
If the BTCUSD pair moves back above the $6,550 level, key resistance is then found at the $6,600 and $6,830 levels.
The BTCUSD pair is only bearish while trading below the $6,400 level, key support is located at the $6,150 and $6,000 levels.
If the BTCUSD pair moves back above the $6,550 level, key resistance is then found at the $6,600 and $6,830 levels.
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