Do or Die For Bitcoin Bulls: Here’s What Could Trigger A Strong Rally


Bitcoin is slowly rising and trading above the $6,750 level against the US Dollar. BTC price must claim the $7,000 resistance to start a strong rally in the near term.Bitcoin is trading in a crucial range below the $7,000 resistance area against the US Dollar.Yesterday’s discussed double top pattern is still active with resistance near $7,000 and support at $6,400.There was a break above a short term contracting triangle with resistance near $6,680 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair soon start a strong rally above $7,000 or it might dive towards the $6,000 level.Bitcoin Approaching Next Key BreakAfter forming a support base near $6,500, bitcoin started a steady increase against the US Dollar. BTC price remained well bid and climbed above the $6,650 resistance area plus the 100 hourly simple moving average.The bulls remained in action and protected a strong bearish reaction below the $6,500 support area. Recently, there was a break

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