The leading cryptocurrency remained bid over the weekend as expected, courtesy of Thursday’s strong reversal from the two-week lows.
However, so far, the break above $6,400 has remained elusive, likely due to low investor interest.
For instance, bitcoin’s total trading volume across all cryptocurrency exchanges fell to $2.92 billion on Saturday, the lowest level since November 7, according to CoinMarketCap.
However, BTC will likely have a tough time holding on to gains above 20-day MA if trading volume remains weak.
On the downside, a break below $6,000 (February low) would shift risk in favor of a drop to $5,755 (June 24 low).

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