With upward momentum on most cryptocurrencies slowing, the next move for most is likely to depend on Bitcoin -0.81%.
BTC -0.81%struggled against resistance (1) on Friday and failed to make a new high. It is now struggling against hourly
resistance at $6,660, which means it will probably have to successfully test support if we are to see further gains.
The support levels to watch are $6,555, $6533 and key support at $6,462.
If those levels don't hold, a move down to $6,331 and possibly lower are probable, and the entire crytpto market will turn bearish .
BTC -0.81%struggled against resistance (1) on Friday and failed to make a new high. It is now struggling against hourly
resistance at $6,660, which means it will probably have to successfully test support if we are to see further gains.
The support levels to watch are $6,555, $6533 and key support at $6,462.
If those levels don't hold, a move down to $6,331 and possibly lower are probable, and the entire crytpto market will turn bearish .