BTCUSD AWAITING CLEAR RANGE BREAK
The BTCUSD pair is once again consolidating mid-range as buyers and sellers struggle for directional control of the number one cryptocurrency by market capitalization. Trading volumes remain low, and the MACD and Momentum indicators continue to point to tight range-bound trading conditions. Overall, buyers need to break the $6,730 level while sellers need to break the $6,260 level.
The BTCUSD pair is only bullish while trading above the $6,730 level, key technical resistance is found at the $6,838 and $7,000 levels.
If the BTCUSD pair trades below the $6,260 level, further losses towards the $6,050 and $5,705 levels remains possible.
The BTCUSD pair is only bullish while trading above the $6,730 level, key technical resistance is found at the $6,838 and $7,000 levels.
If the BTCUSD pair trades below the $6,260 level, further losses towards the $6,050 and $5,705 levels remains possible.
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