The Bitcoin exchange rate has confidently approached the important resistance level of 6400, the breakdown of which may occur in the near future.
Signal to buy Bitcoin (BTC):
Today, the buyers of Bitcoin are counting on a breakthrough of the resistance of 6360, which will lead the cryptocurrency to a new maximum of 6520, where I recommend fixing the profits since after updating these resistances, a strong bearish divergence can be formed on the MACD indicator. In the scenario of reducing the cryptocurrency, you can return to purchases on the support test of 6070 or a rebound from the minimum of 5777.
Signal to sell Bitcoin (BTC):
Only the formation of a false breakdown at a maximum of 6360 will be the first signal to sell Bitcoin in order to return and update the support of 6070 and with an exit to a minimum of 5777, where I recommend fixing the profits. With further growth along with the trend, it is best to consider selling for a rebound in the region of the maximum of 6520.
The material has been provided by InstaForex Company - www.instaforex.com