Just read Bitcoin Price Lacks Direction After Defense of $6,200

Bitcoin Price Lacks Direction After Defense of $6,200

Bitcoin (BTC) is trapped in a no-man's land between $6,200 and $6,600, technical charts indicate. The leading cryptocurrency bounced off trendline support at $6,202 on the same day and has since risen back above $6,350, neutralizing the immediate bearish outlook. As of writing, pennant support is located at $6,225. ViewBTC lacks a clear bias, having defended the pennant support in the last two days. A pennant breakdown will likely yield a drop to the crucial support levels of $5,859 (August low) and $5,755 (June low).

Read the full article at coindesk

Wednesday, September 19, 2018