Continue the trend since the break of the triangle to the bull side: Bitcoin has been consolidating around the thin string between $6,600 – $6,800. Looking at the volume, seems like there is a strong buying power. From here not much had changed for the upcoming future:
Next resistance level lies at the long-term descending trend line at around $6,900. Afterwards – $7,300 (MA-200 line, marked in gray). RSI is at its highest values, so Bitcoin might need some air before continue up. From the bear side, support level at $6,600 and $6,400.
BTC/USD BitFinex 4 Hours chart
Cryptocurrency charts by TradingView
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