BTC:USD: Returning to the neutral zone

Despite popular belief, BTC is still holding within a form of pennant based on the Daily Line graph.

• RSI positive divergence is still tact and currently facing resistance attempting to climb back into the neutral zone (40).
• Immediate prices to watch: A break and close below $6,250 (pennant support) or a above $6,500 (pennant resistance).
• Long-term descending resistance trend line is currently lined up at $6,700.