Bitcoin Again Shows Green Shoots After $6K Defense.
• BTC could attack the $6,400 mark, but further gains are ruled out for now as the descending (bearish) 5-day MA and 10-day MA are located at $6,366 and $6,500, respectively.
• If BTC manages to close (as per UTC) today above 10-day MA, then the doors would open for a re-test of the Monday's high of $6,820.
• A failure to produce a significant move higher despite the bullish price RSI divergence and the falling wedge breakout would shift risk in favor of a drop to a recent low of $5,755.
• The downside move will likely gather pace if BTC fails to hold above $6,080 (previous day's high) over the weekend.
Omkar Godbole, Coindesk.