The bitcoin exchange rate remains in the range of $6,600. Market analysis for October 11

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Bitria “news” the bitcoin exchange Rate remains in the range of $6,600. Market analysis for October 11

The last day of the cryptocurrency market capitalization decreased by only $2 billion, and the exchange rate of bitcoin fell by 0.5% and now it costs a little less than $6,600. The rest of the cryptocurrency market also fixes a minor loss in the range of 0.6% to 2.6%.

The range that we observe for our intraday strategy today, is defined as $6,725 and $6,521 as of intermediate resistance and support respectively. We entered a long position in the direction of $6,725 at the end of the previous candle, waiting for the extended validity of the return.

However, the hint of a breakthrough action above $6,725 can lead to the fact that we consider $6,826 as the next primary targets. Conversely, a break below the support will open our short position to $6,339.

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