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BTCUSD STRUGGLES WITH $6,500 RESISTANCE

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is starting to edge lower in early Thursday trade after buyers failed to make headway above the $6,500 resistance level . The BTCUSD pair is likely to remain cautious ahead of the US Securities and Exchange Commissions ruling over a potential Bitcoin ETF , which is expected to be announced at any time. A clear break from the $6,300 to $6,500 price range is likely to spark the next directional move in the BTCUSD pair.

The BTCUSD pair is only intraday bullish while trading above the $6,500 level, key resistance remains at the $6,730 and $6,830 levels.

If the BTCUSD pair trades below the $6,300 level, sellers are likely to test towards the $6,200 and $6,050 support levels.
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