Bitcoin Price Eyes Move to $6.8K After Bull Breakout

Bitcoin could be about to make a move towards $6,800, having witnessed a bullish breakout yesterday.

The leading cryptocurrency, which had been in a narrowing price range, moved upwards to close at $6,423 yesterday, confirming an upside breakout of the symmetrical triangle pattern.

With the move, the bulls look to have come out victorious in a months-long tug-of-war with the bears. However, BTC is struggling to find acceptance above the immediate resistance of the 50-day exponential moving average (EMA), currently at $6,450.

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