The Turn of Bitcoin Price to be Determined by Next Breakout

The price of Bitcoin is currently hovering in a range $400 wide, which is supported by key technical levels. The awaited breakout will define the further behavior of the financial technology on the crypto market. It has a good chance to go down or increase to $7, 000.

The lower part of the trading range is $6,341, while the double bottom neckline (former resistance provided by support), which was increased on June 30. Furthermore, $6,754 shows 23.6% of Fibonacci retracement from sales of $9,990 to $5,755, slowing down the BTC rally earlier this week. This indicates the upper end of the Bitcoin trading range.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/turn-of-bitcoin-price-determined-by-next-breakout/