{"id":190521,"date":"2018-11-06T04:28:33","date_gmt":"2018-11-06T09:28:33","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-watch-btc-usd-could-resume-uptrend-above-6440\/190521"},"modified":"2021-08-03T05:28:01","modified_gmt":"2021-08-03T09:28:01","slug":"bitcoin-price-watch-btc-usd-could-resume-uptrend-above-6440","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-watch-btc-usd-could-resume-uptrend-above-6440","title":{"rendered":"Bitcoin Price Watch: BTC\/USD Could Resume Uptrend Above $6,440"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Key Points<\/p>\n<ul>\n<li>Bitcoin price corrected lower recently after trading as high as $6,472 against the US Dollar.<\/li>\n<li>There is a major bullish trend line in place with support at $6,390 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The price is positioned for the next wave, which could be above the $6,420 resistance.<\/li>\n<\/ul>\n<p><em>Bitcoin price is trading in a positive zone against the US Dollar. BTC\/USD could continue to move higher as long as it is above $6,375 support level.<\/em><\/p>\n<h3>Bitcoin Price Analysis<\/h3>\n<p>Yesterday, bitcoin price started a <a href=\"https:\/\/www.newsbtc.com\/2018\/11\/05\/bitcoin-price-watch-btc-usd-turned-bullish-above-6400\/\" target=\"_blank\" rel=\"noopener\">downside correction<\/a> after trading as high as $6,472 against the US Dollar. The BTC\/USD pair declined below the $6,440 and $6,420 support levels. It also broke the 50% Fib retracement level of the last leg from the $6,319 low to $6,472 high. However, the price is still trading well above the $6,375 support and the 100 hourly simple moving average.<\/p>\n<p>The price recently tested the $6,370-6,375 area, which acted as a support. Besides, the 61.8% Fib retracement level of the last leg from the $6,319 low to $6,472 high also provided support. More importantly, there is a major bullish trend line in place with support at $6,390 on the hourly chart of the BTC\/USD pair. The pair is currently placed nicely above the $6,375 support and the 100 hourly simple moving average. On the upside, there is a connecting bearish trend line with resistance at $6,420. It seems like the price could dip towards $6,375 before it starts a <a href=\"https:\/\/www.newsbtc.com\/2018\/11\/04\/bitcoin-price-weekly-analysis-btc-usd-rebound-faces-significant-hurdle\/\" target=\"_blank\" rel=\"noopener\">fresh upward move<\/a> above $6,420 and $6,440.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-358565\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/Bitcoin4.png\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1828\" height=\"899\" \/><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XBTUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">chart<\/a>, bitcoin price is still in an uptrend from the $6,200 support. Once buyers push the price above $6,440, there could be more gains above the $6,475 level in the near term.<\/p>\n<p>Looking at the technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD for BTC\/USD is slightly placed in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI is currently flat near the 50 level.<\/p>\n<p>Major Support Level \u2013 $6,375<\/p>\n<p>Major Resistance Level \u2013 $6,440<\/p>\n<p>&nbsp;<\/p>\n<p>The post <a href=\"https:\/\/www.newsbtc.com\/2018\/11\/06\/bitcoin-price-watch-btc-usd-could-resume-uptrend-above-6440\/\" rel=\"nofollow\">Bitcoin Price Watch: BTC\/USD Could Resume Uptrend Above $6,440<\/a> appeared first on <a href=\"https:\/\/www.newsbtc.com\/\" rel=\"nofollow\">NewsBTC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">&nbsp; Key Points Bitcoin price corrected lower recently after trading as high as $6,472 against the US Dollar. There is a major bullish trend line <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-watch-btc-usd-could-resume-uptrend-above-6440\" title=\"Bitcoin Price Watch: BTC\/USD Could Resume Uptrend Above $6,440\">[&#8230;]<\/a><\/div>","protected":false},"author":168,"featured_media":190524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-190521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Watch: BTC\/USD Could Resume Uptrend Above $6,440 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"There is a major bullish trend line in place with support at $6,390 on the hourly chart of the BTC\/USD pair.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/190521\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Watch: BTC\/USD Could Resume Uptrend Above $6,440\" \/>\n<meta property=\"og:description\" content=\"There is a major bullish trend line in place with support at $6,390 on the hourly chart of the BTC\/USD pair.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-06T09:28:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-03T09:28:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/Bitcoin4-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1828\" \/>\n\t<meta property=\"og:image:height\" content=\"899\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/190521#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/190521\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/aaa5044bd2bdd13b09f95b1218ca998c\"},\"headline\":\"Bitcoin Price Watch: BTC\/USD Could Resume Uptrend Above $6,440\",\"datePublished\":\"2018-11-06T09:28:33+00:00\",\"dateModified\":\"2021-08-03T09:28:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/190521\"},\"wordCount\":336,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/190521#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/11\/Bitcoin4-1.png\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/190521\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/190521\",\"name\":\"Bitcoin Price Watch: BTC\/USD Could Resume Uptrend Above $6,440 - 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