Bitcoin began to tackle the mega resistance present between $6'000 and $7'000 dollars by successfully climbing above $6'000.
Actual support/resistance: $6'000/$6'100
Bitcoin began to tackle the mega resistance present between $6'000 and $7'000 dollars by successfully climbing above $6'000. The total market capitalisation remained stable while the dominance of bitcoin increased significantly (57%). This indicates that money has mainly flowed from altcoins to bitcoin in recent days. With the increase in volumes and the psychological level of $6,000 reached, it is likely that buying pressure will intensify. However, given the importance of resistance, it is likely that pull-backs will be observed. In terms of technical indicators, the RSI is overbought in the short term and the MACD lines are diverging.
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