The digital currency returned most of its previous July gains last week, mainly due to some negative comments by prominent names and another exchange hack. Besides, US authorities arraigned twelve Russian officials for using the virtual currency in interfering with the 2016 elections. All these developments derail the buyers’ attempts to push the price of bitcoin out of the boring range.
Technically, the coin shows some signs of bullishness as the price remains reluctant to get below the $6,000 key immediate support. Therefore, should the upcoming week doesn’t bring fresh negative developments and headlines, BTCUSD could try to challenge the $6,400 region which has been limiting the recovery attempts since last week.