Let's now take a look at the Bitcoin technical picture at the H4 time frame. The first attempt to break through the technical resistance at the level of $6,809 was unsuccessful, but the pull-back was not that deep and the price is now consolidating around the support at the level of $6,519. The momentum is still positive and strong, so the bulls might attempt again to rally higher. Their first target is seen at the level of $6,993.
