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 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.