Bitcoin is starting to move higher alongside the broader cryptocurrency after the bullish fundamental news that Google have removed an advertising ban on regulated cryptocurrencies cryptocurrency exchanges in the US and Japan. Buyers will need to hold price above the $6,500 to regain short-term control of the number one cryptocurrency. The bearish head and shoulders pattern across the lower time frames still remains valid at current level.
The BTCUSD pair is only bullish while trading above the $6,500 level, key resistance is located at the $6,730 and $6,838 levels.
If the BTCUSD pair continues to trade under the $6,500 level, key support is found at the $6,250 and $6,050 levels.
The BTCUSD pair is only bullish while trading above the $6,500 level, key resistance is located at the $6,730 and $6,838 levels.
If the BTCUSD pair continues to trade under the $6,500 level, key support is found at the $6,250 and $6,050 levels.
