Bitcoin Analysis: Price Above $6500 Resistance post US Midterm Elections

Bitcoin on Wednesday challenged new highs as price against the US Dollar surged 1.42 percent within a few hours. The BTC/USD pair built upon the near-term bullish scenario after breaking above the interim resistance explained in our previous analysis. A breakout action above 6421-fiat started attracting long positions towards 6500-fiat as the primary upside target.

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