Bitcoin is currently heading towards $6000 resistance area. It is expected to reach the price area in a short time by following the upward momentum in the process.
Presently, prices are climbing up. So, analysts assume that BTC's next wave hits itsTechnically, candlestick arrangements are supportive but fundamental developments are crucial. The US Presidential election ma
The dynamic levels including 20 EMA, Tenkan and Kijun line has been quite successful holding the price higher. Support and a strong momentum towards $6000 is more likely to occur. After reaching $6000 area, certain correction and volatility may be observed. However, without strong bearish counter it is quite rush to conclude that all the bullish gains above $5000. As the price remains above $5000 area with a daily close, further upward pressure is expected in the coming days.
SUPPORT: 5000, 5250, 5500
RESISTANCE: 5850, 6000, 6500
BIAS: BULLISH
MOMENTUM: NON-VOLATILE and IMPULSIVE
