Bitcoin shed some of the gains made earlier in the day, erasing $40 from its daily high at $6,500. The BTC/USD pair trades at $6,460 in a ranging market with support at $6,300. A significant bearish trend line may have been thwarted as the market moves above the $6,400 line.
A somewhat uneventful BTC/USD trading day saw bulls and bears dispute the price in early Monday. Bulls won the battle as the $6,365, $6,375 and $6,400 resistance levels were suppressed in an upside push towards the $6,500 high, according to data from Investing.com.