Bitcoin (BTC) still failing to break through two day resistance trend

Bitcoin's latest momvements are falling short around $5,900, just dollars short of the sentimental $6k barrier that's still in reach. Approximately around the time of the Bitcoin Gold (BTG) fork, in a matter of hours, the $6k resistance will be lined up to offer a physiological made or break moment. To go up higher, or continue correcting.

Despite this, the 16-day support line trend still unbroken, indicating there's still room to push higher. Investors are becoming increasingly disinterested in holding Bitcoin Gold, with the price currently trades under 10% of BTC value from a high of 0.2 BTC. Bitcoin could see a jump in price in the coming days as investors sell of their BTG.

Equally as likely is investors sell of their BTG followed by BTC as the price continues correcting post-fork, as has already been the case with Ethereum. Not forgetting Bitcoin's oversold state that's due to resolve itself without any notice to add to the concern.