Bitcoin konsolidiruyutsya in a bullish channel. Will there be growth?

On the 1-hour chart Bitcoin within the upward channel. Cryptocurrency has formed several local minima and moving towards the resistance around 6600 dollars. This writes NewsBTC.

Will Bitcoin rise again

Moving average 100 SMA is above 200 SMA, but if they overlap, Bitcoin will fly down. In this case cryptocurrency is unlikely to hold out at the next level of support.

SMA could serve as dynamic resistance. If this happens, the growth of Bitcoin will stay at around $ 6450. Technical indicators while talking about the rollback, so to open long positions in the coming days is not worth it.

Meanwhile, the mood of the traditional financial markets are slightly changed for the better. The situation with the trade war between China and the United States relented, causing traders again began to turn their attention to riskier assets. It is possible that soon to them will fall and Bitcoin.

Recall the main events in the life of kriptonyte less than two weeks. And while the SEC ponders the adoption of the ETF on Bitcoin, visit our cosy cryptcat.

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