BTCUSD SLOWLY MOVING LOWER
The BTCUSD pair is starting to trade lower alongside the broader cryptocurrency market on Wednesday after a technical rejection from the $6,600 resistance level. The Money Flow Index highlights depressed trading volumes in the BTCUSD pair, while the MACD indicator on the four-hour time frame continues to suggest tight range-bound trading conditions are likely to remain until a clear technical break occurs.
The BTCUSD pair is only intraday bullish while trading above the $6,600 level, key technical resistance is found at the $6,730 and $6,838 levels.
If the BTCUSD pair trades below the $6,500 level, further losses towards the $6,380 and $6,250 levels remains possible.
The BTCUSD pair is only intraday bullish while trading above the $6,600 level, key technical resistance is found at the $6,730 and $6,838 levels.
If the BTCUSD pair trades below the $6,500 level, further losses towards the $6,380 and $6,250 levels remains possible.
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