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Bitcoin Stuck Between $6,350 - $6,500



Bitcoin has spent the last two days stuck between $6,350 - $6,500.

BTC stays beneath an important short and long-term moving averages and the 50-hour moving normal (MA) is close to a bearish cross below the 100-hour MA.

In this event, a move below the $6,300 support is likely to happen.

If the 50-hour MA falls below the 200-hour MA then, there is a great possibility to bitcoin come back to $5,860.

$6,500 is functioning as a psychological resistance and $6,302 is a short-term support.

At time press, BTC is down 0.01% and the price is $6,470.

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