Prices May Go Lower, But time to a Big Buying Opportunity

in #mgsc6 years ago (edited)

Bitcoin price traded with a positive trend and is currently below the $6,300 resistance against the US Dollar.There is a bearish trend line in place with resistance at $6,290 on the hourly chart of the BTC/USD pair.The pair is likely to break the $6,290 and $6,300 resistance level to gain traction in the near term.Bitcoin price is about to make the next move against the US Dollar. BTC/USD may accelerate gains above the $6,300 resistance if buyers take control.Bitcoin Price AnalysisThe past three sessions were mostly positive response as bitcoin price set above the $5,800 and $6,000 supports against the US Dollar. The BTC/USD pair started a decent upward trend from an intermediate showing low at $6,100. It moved above the 52% resistance level of the $6,754 high to $5,650 showing low. However, the bitcoin price to break the $6,290 and $6,300 resistance levels.Moreover, a significant bearish trend line with resistance at $6,290 on the hourly chart of the BTC/USD pair acted as a hurdle. Additionally.

Sort:  

@monu345

Done now your turn follow and upvote for my Account 😊😊

Congratulations @monu345! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

The Steem community has lost an epic member! Farewell @woflhart!
SteemitBoard - Witness Update
Do not miss the coming Rocky Mountain Steem Meetup and get a new community badge!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.14
TRX 0.12
JST 0.025
BTC 55214.91
ETH 2471.87
USDT 1.00
SBD 2.24