In the last hour, Bitcoin broke out of the trend line of long-term resistance, and the four-hour frame was highlighted in red. Accordingly, it could only be a matter of time before we saw a positive upward movement.
A pair of BTC / USD has formed an uptrend within 60 minutes, which is a good start. However, BTC needs to maintain trading activity above the 500 EMA at the level of US $ 6550.00 to maintain the current uptrend.
BTC / USD is currently trading at $ 6,593.27 and must hold above $ 6,585.95 to rise to $ 6,608.30 and $ 6,645.00. If Bitcoin fails at the level of 6585.95 US dollars, then we can see a pullback to $ 6569.30 and $ 6550.00
Support – 6585.95, 6569.30, and 6550.00 US dollars.
Resistance – 6,608.30, 6,622.80, 6,645.00 and 6,665.30 US dollars.
The chart – a short-term view of the BTC / USD action in the hourly pricing chart emphasizes the direction of the trend, as well as support and resistance levels.
And what do you think about this?