BITCOIN Bulls Still Holding $6,360

Despite the pullback and bear break yesterday, we still managed to see bulls defend the $6,360 level. We're still seeing rejection and resistance at $6,413. This level will probably be relevant.

Movements have still been slow and overall on the longer term charts, this is very significant in terms of longer consolidation and stabilization. Since we've seen movements in the <1% range, we can expect this to continue until we get a more defined break.

On the hourly, we're still looking at continued bear pressure since the technicals are rolling over and pulling back.

Still not enough confirmation and info for me to jump into the market....stay safe everyone!