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Get Bitcoin price, charts, and other cryptocurrency info. 1.00000000 BTC 0.00%. Buy instantly with credit card. Market Cap. $11560320062650.

Following the previous idea on Bitcoin, the 4/1 Gann Fan has been rejected, along with the 61.8% Fibonacci retracement level at $6170.

BTC/USD started to move up and currently reached the 61.8% Fibs at $6550.

This is a very strong resistance for Bitcoin, because it is also corresponds with the 200 Moving Average.

In order for the uptrend to begin, price has to break and close above both, $61.8% Fib resistance and the 200 Moving Average on a daily time-frame.

Break above should confirm Bitcoin bullish intention and could send the price up to the $8820 resistance, that is confirmed by two Fibonacci retracement levels and corresponds to the uptrend trendline.

But, if the current resistance will hold, the consolidation could take place.

ic option

View the basic BTCUSD=X stock chart on Yahoo Finance. Change the date range, chart type and compare BTC/USD against other companies.

Following the previous idea on Bitcoin, the 4/1 Gann Fan has been rejected, along with the 61.8% Fibonacci retracement level at $6170.

BTC/USD started to move up and currently reached the 61.8% Fibs at $6550.

This is a very strong resistance for Bitcoin, because it is also corresponds with the 200 Moving Average.

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