Newsflash: Bitcoin Price Analysis – Bullish Territory Before a Sharp Return

At last, Bitcoin price stopped taking strikes from its crucial resistance level near $6,500 and went for a home run, instead. Then, the referee called it a foul. In simple words, Bitcoin crashed towards the same consolidation range that was holding it before the upside breakout. The BTC/USD on Wednesday attempted a strong upside breakout, rising as much as 7.8 percent and coming out of an overlong consolidation phase. The pair started began the day on a bearish note and slipped towards 6440-fiat. It, however, began to express a massive bullish sentiment…

Newsflash: Bitcoin Price – Bullish Territory Before a Sharp Return Near $6,400

At last, Bitcoin price stopped taking strikes from its crucial resistance level near $6,500 and went for a home run, instead. Then, the referee called it a foul. In simple words, Bitcoin crashed towards the same consolidation range that was holding it before the upside breakout. The BTC/USD on Wednesday attempted a strong upside breakout, rising as much as 7.8 percent and coming out of an overlong consolidation phase. The pair started began the day on a bearish note and slipped towards 6440-fiat. It, however, began to express a massive bullish sentiment…