Bitcoin Price Still Seeking Buyers Despite Passing Key Trendline

Bitcoin‘s price remains in a tight range below $6,500 despite recently breaching a key price hurdle.

The leading cryptocurrency cleared the resistance at the trendline drawn between the July 25 and Sept. 4 highs on Oct. 10., yet the bullish breakout failed to put a bid under BTC, leaving it directionless in a narrow range of $6,476–$6,376.

At press time, BTC is changing hands at $6,395 on Coinbase.

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