Crypto Review


Bitcoin breaks above $6000. What next?

Last night, Bitcoin break above the psychologically important level at $6,000. After the decline to $5,800, the bulls again took the initiative, and BTC gradually began to grow, reaching $6,100 by Thursday morning.

However, as indicated by technical analysis, further growth may not be so easy. First, growth may stumble due to profit-taking after reaching an important level. Secondly, in the $6,050-6,250 area, where BTCUSD may find several levels of resistance, and now they can become resistance.

The current growth impulse occurs against the background of a slight decrease in daily trading volume: participants want to see what happens when the “dust” after the rally settles.

The FxPro Analyst Team

Source: FxPro

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