Bitcoin's struggle to keep above $6500 is getting more mainstream where a strong bearish pressure is being observed currently which pushed the price impulsively lower towards $6400 area while the dynamic level of 200 EMA also resides. The dynamic level of 200 EMA is currently working as support above $6400 area from where certain bullish pressure is expected but only as certain retrace. The bullish bias is currently in pause until the price breaks above $6500 area with a daily close. As the price remains below $6500 area, the bearish pressure and volatility is expected to persist in the process but the bias is still bullish as the price remains above $6000 area with a daily close.
SUPPORT: 6000, 6400
RESISTANCE: 6500, 7000, 7500
BIAS: BULLISH
MOMENTUM: VOLATILE
