Price Forecast - Bitcoin
BTC / USD is currently traded at $ 6,357. This leaves Bitcoin under the first resistance of $ 6,359.3. Moving average values continues the convergence process, creating a significant barrier that BTC / US dollar will have to overcome if it wants to get to higher prices.
Above the current price, the first resistance is at the $ 6.359 . The second level of resistance is precisely the Simple Moving Average convergence point for 100 periods at $ 6,367, 200-period of $ 6,366, and an exponential average moving average of 50-period slightly above $ 6,375.
It is not easy for Bitcoin to overcome this obstacle. If that happens, the reward will be low, as the next level of resistance of $ 6,491 (a resistance due to price congestion) will begin to create conditions for a new bullish trend.
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MACD at 240-minutes, pointing up but below the zero line. The current structure offers attempts to move up, although they may be limited. While these lines are above the neutral line of the indicator, it will not be easy to move up.
The 240-minute DMI shows how the bears continue to control the situation. The bulls do not give up and take advantage of the $ 6,300 marked at the beginning of the Asian session to buy intensively.
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