Bitcoin has once again moved into consolidation mode, as the world’s number one cryptocurrency experiences record low volatility. The BTCUSD pair is trapped between the $6,450 and $6,330 levels, with the MACD indicator currently flat across the lower time frames. Intraday buyers and sellers will likely attempt to trade within the current narrow trading band until a breakout emerges.
The BTCUSD pair is bullish while trading above the $6,450 level, key resistance is found at the $6,560 and $6,700 levels.
If the BTCUSD pair trades below the $6,330 level, sellers may test towards the $6,220 and $6,050 support levels.
The BTCUSD pair is bullish while trading above the $6,450 level, key resistance is found at the $6,560 and $6,700 levels.
If the BTCUSD pair trades below the $6,330 level, sellers may test towards the $6,220 and $6,050 support levels.
