Bitcoin has been quite corrective and volatile at the edge of $6,500 area from where a daily close above the area is expected to lead to further bullish pressure in the coming days. The price is currently residing above the dynamic level of 20 EMA having Tenkan and Kijun bullish cross along the line which indicates further bullish momentum for the coming days. As the price remains above $6,000 area while also being above the Kumo Cloud resistance, the bullish bias is expected to continue further.
SUPPORT: 6,000
RESISTANCE: 6,500, 7,500, 8,000
BIAS: BULLISH
MOMENTUM: VOLATILE
