BTCUSD $6,500 key support
Bitcoin is maintaining its recent strong bid-tone, with the number one cryptocurrency being bought on any meaningful dips. The $6,500 level is now offering key technical support in the short-term and a key area to watch during the US trading session. A sustained technical breakout above the $6,850 level could see the BTCUSD pair rallying towards the $7,200 resistance level.
The BTCUSD pair is only bullish while trading above the $6,300 level, key resistance is found at the $7,000 and the $7,200 levels.
If the BTCUSD pair trades below the $6,300, sellers may test the $5,900 and $5,500 support levels.