As Upside Potential Builds the Bitcoin Price Defends $6K

2018-7-13 09:43

Bitcoin (BTC) may be up slightly at the start of Friday’s session, but it remains to be seen if it can build traction above $6,000.
The world’s largest cryptocurrency by market capitalization is now down 37 percent from its May 5th high at $9,996 according to CoinDesk’s Bitcoin Price Index, though it’s rebounded to a crucial support zone at $6,235, according to Bitfinex data.
The figure is notable, as it could be argued bitcoin needs a daily close above the previous low at $6,070 to abort bearish outlook for the coming week.
And so far in today’s session, it appears a bullish reversal pattern might be playing out.
View
Bitcoin risked falling below the current inverse H&S neckline around $6,073 but has since recovered slightly to keep the pattern in play.

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Bitcoin (BTC) на Currencies.ru

$ 73315.62 (-0.62%)

Объем 24H $71.441b

Изменеия 24h: -4.44 %, 7d: -18.15 %

Cегодня L: $73315.62 - H: $76794.37

Капитализация $1465.109b Rank 1

Цена в час новости $ 6264.68 (1070.3%)

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Источник: bitcoints.com

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