Bitcoin Price Watch: BTC/USD Could Rebound Above $6,50067.39

Bitcoin price is showing positive signs above $6,280 against the US Dollar. BTC/USD could soon break the $6,480 and $6,570 resistances to rebound further.

This past week, we saw heavy declines below $6,550 in bitcoin price against the US Dollar. The BTC/USD pair even broke the $6,000 support, but buyers appeared and protected more declines. A low was formed at $5,794 and the price started an upward correction. The price moved above the $6,200 resistance and traded with bullish moves during the past few hours. It even broke the 23.6% Fib retracement level of the recent decline from the $7,166 high to $5,974 low.

Original source
https://www.newsbtc.com/2018/08/13/bitcoin-price-watch-btc-usd-could-rebound-above-6500/

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