Bitcoin moves away from $6k barrier building up from recent multi-month low

Bitcoin price jumped from $6300 to $6650 within an hour yesterday following a massive increase in net longs and an increase of $14B in market capitalisation.

Although investors jumped in, supporting bulls’ sizeable buy order, Bitcoin halted at the strong resistance and reversed to a daily close of $6590.

Price may follow with another break or another drop may be seen soon.

FXPrimus

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