Bitcoin has moved sharply higher following reports that Blackrock, the world’s largest asset manager, is considering moving into the digital-currency market. The BTCUSD pair has now surged towards the $6,700 level and retains a strong intraday bullish bias while trading above the $6,400 level. Traders continue to watch the bullish inverted head and shoulders pattern, which has an upside projection of around $1,000.
The BTCUSD pair is bullish while trading above the $6,400 level, further losses upside towards the $6,800 and $7,600 levels seems possible.
If the BTCUSD pair trades below the $6,400 level, sellers may once again test the $6,200 and $6,058 support levels.
The BTCUSD pair is bullish while trading above the $6,400 level, further losses upside towards the $6,800 and $7,600 levels seems possible.
If the BTCUSD pair trades below the $6,400 level, sellers may once again test the $6,200 and $6,058 support levels.
