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Bitcoin is still struggling amid the lack of clear trend momentum. Recently, BTC has been trading inside the bullish bias above $6,000. The price has been rejected several times from $6,400 which turned the price into an event level. This is expected to lead to further bullish pressure if broken with a daily close. Though the price is corrective and volatile, it has managed to squeeze upward with higher lows that indicates bullish momentum in the coming days.
Meanwhile, a break above $6,400 is required to continue climbing higher. Otherwise, an impulsive break below recent low of $6,300 may lead to further bearish pressure with a target towards $6,000. As the price remains above $6,000, the bullish bias is expected to continue.
SUPPORT: 6,000
RESISTANCE: 6,400, 6,500, 7,000,
BIAS: BULLISH
MOMENTUM: VOLATILE
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
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