BTCUSD – Closing In On Major Resistance (Weekly chart)
Bitcoin broke out to the upside of the tight consolidation in late March followed by very strong buying and we’re now approaching a major key resistance zone.
Trading below 6400 and bears looking for potential shorting opportunities can look for possible locations around the key resistance. A break and close above this key resistance would put 7350 and 8400 back on the radar.
Trading below 6400 and bears looking for potential shorting opportunities can look for possible locations around the key resistance. A break and close above this key resistance would put 7350 and 8400 back on the radar.
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