Bitcoin trades the highest this week against the usd at 6585 before correcting back to support which was 6380.Due to the influence of positive news and good sentiments bitcoin price climbed higher crossing the resistance level of 6400.
A very sharp downside correction below 6500 was seen on the 2 hourly chart and the price went below 23.5 fib retracement level.
source-trading view binance
key points--
1-Btc must stay above the support zone of 6350 to have a upside rally .
2-If btc holds the price above 6500 and cross the 6585 mark then a possible upside trend may be seen towards the 6700 and 6800 zone.
3-Bitcoin is correcting slowly and steadily.
what are your takes on current price of bitcoin friends.
note -This is note a financial advice.