
2018-7-9 21:16 |
Bitcoin (BTC) rally has stalled near a key resistance range and a minor pullback could recharge the engine for a much-awaited move toward the $7,000 mark.
Further, BTC has failed to close (as per UTC) above the stiff resistance at $6,800 in the last two days.
What’s more, BTC will likely encounter resistance at $6,850 (multiple daily highs clocked in the third week of June).
And last but not the least, the 50-day moving average (MA) resistance is lined up at $6,907.
Thus, the area between $6,750 to $6,910 is packed with key resistance levels and the signs of exhaustion near the resistance zone have left the doors open for a minor pullback in BTC prices.
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