CryptoTrendline

Bitcoin in consolidation

BITFINEX:BTCUSD   Bitcoin
Bitcoin made a small recovery on Thursday and closed at the $6,500 resistance area.

There was almost no change in price so the possible scenarios remain the same as pointed out yesterday.
If price closes above the resistance, we can expect it to reach the next resistance area around $7,000.
If price starts dropping down, we can expect it to reach the next support area around $6,000 and eventually the support area below $5,000.

Good Luck,
CryptoTrendline

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