BTC/USD Neutral on Wednesday

Bitcoin had almost no changes in the past 24 hours as the cryptocurrency added less than two percent. When we look at the Hourly chart we can see that there is no clear tendency currently meaning bulls and bears are in balance and hesitate to make any further steps.
The closer look at the Hourly chart helps to understand short term tendencies. The price has tested the resistance area at $6,718 but failed to jump over it. There was a Shooting Star candlestick pattern on Tuesday and the currency pair declined lately following to this signal. BTC/USD stays in the middle of a horizontal range currently with no clear bias. The possible ways for Bitcoin are the following:
1. Red scenario (bearish). The currency pair will test the support at $6,510 and if successful, bears will have an opportunity to push BTC/USD lower towards 3.618 retracement level.
2. Orange scenario (neutral). Bitcoin will stay between the resistance area at $6,718 and the support at $6,510.
3. Green scenario (bullish). BTC/USD will test the resistance area at $6,718. If successful, buyers will be able to drive the currency pair higher, targeting the resistance at $6,943.

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