The rise of the past week is momentarily stopped by the resistance at the $6'700 level. There are positive signs that the bullish trend continues in the short term, but it is hard to predict how bitcoin will react in the long term to the monetary measures announced in the U.S. and across Europe.
Current support/resistance: $6'400/$7'200
The price had small up and down swings in the past days and indicators show a neutral picture, but it managed to climb above the 20 day moving average. If it breaks the $6'700 level, we will likely see further increase in the short term, but if it turns back down, we could face a negative breakout.
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