The BTCUSD pair continues to trade in an increasingly narrow range in early Tuesday trade, with price trapped between the $6,150 support level and the $6,500 resistance level.
Cryptocurrency traders are likely to search for direction, ahead of the United States Securities and Exchange Commission’s decision on a potential Bitcoin exchange-traded fund next month.
The BTCUSD pair is only bearish while trading below the $6,150 level, key support below is found at the $6,050 and $,5,855 levels.
If the BTCUSD pair trades above the $6,500 level, buyers will likely test towards the $6,730 and $6,838 resistance levels.
Cryptocurrency traders are likely to search for direction, ahead of the United States Securities and Exchange Commission’s decision on a potential Bitcoin exchange-traded fund next month.
The BTCUSD pair is only bearish while trading below the $6,150 level, key support below is found at the $6,050 and $,5,855 levels.
If the BTCUSD pair trades above the $6,500 level, buyers will likely test towards the $6,730 and $6,838 resistance levels.
