Resistance Levels: $7,000, $7,200, $7,400
Support levels: $6,500, $6,300, $6,100

Yesterday, October 1, the price of Bitcoin was in a sideways trend. In the last 24 hours, the price of Bitcoin was still fluctuating above the $6,500 price level. The digital currency was unable to break the $6,700 price level but the bulls were able to defend the support zone of $6,000- $6,600. The bulls will be able to push price forward if more buyers are introduced at this support zone.

Today, the BTC price is trading at $6,601.53 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a  sideways trend is ongoing. The Relative Strength Index period 14 is level 52 which indicates that price is in the sideways trend zone.

On the 1-hour chart, the BTC price is in a sideways trend. The BTC price is fluctuating above the $6,500 price level . The price is above the 12-day EMA and the 26-day EMA which indicates that price is rising.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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