Bitcoin price railed near $5650 resistance level against the US Dollar. BTC/USD broke the $5500 level and $5600 level to make the new monthly high. The pair broke the new $5600 support level and the 100 SMA. The price corrected downside and support near $5550 level and the rise upside found. global xchange
The hourly chart shows that BTC price is clearly moving upside to break the $5600 level. Break above the $5570 level takes the price higher. On the other hand, the price also come down if it fails to clear upside trend. The hourly MACD for the pair is moving towards the brearish zone and RSI is near 60 level. global exchange
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