Bitcoin (BTC) has bounced off the bottom of a long term ascending channel. The price is expected to resume uptrend after the EMA crossover on the 4H BTC/USD chart. The 10 EMA just broke above the 21 EMA and the price is now clear to move towards the next resistance. The price will face short term resistance around $ 6,500 which is a strong resistance but not as strong as the next resistance of $ 6,700. The price of Bitcoin (BTC) has failed to breach this level since mid October. Historically, we have seen that this level has given Bitcoin (BTC) a tough time and the price has struggled to climb above it. Since mid September, the price of Bitcoin (BTC) has failed to effectively break and close above this level.