Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,400, $6,200, $6,000

Yesterday, October 24, the price of Bitcoin was in a sideways trend. Price of the digital currency was hovering above the $6500 price level. Yesterday there was a minor price movement. The bulls reached the high of $6626.30 and were resisted. The price fell to the low of $6534 and commenced a bullish movement. The bear's movement have been restricted above the $6,500 price level while the bull's movement have been restricted below $6,600 price level.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend zone. The price of Bitcoin is in the bearish trend zone and the bears may have advantage over that.

On the 1-hour chart, the BTC price is in a bearish trend zone. The crypto’s price fell to the low of $6,507 and commenced a bullish movement. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling.

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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