Bitcoin traded with ranging moves above the USD 6,000 support during the past few hours. It seems like BTC/USD is preparing for the next move, which could be either below USD 6,000 or above USD 6,250. Similarly, Ethereum is trading just above the USD 420 low. It will either bounce back or break the stated low for an extended decline. Going forward, bitcoin and altcoins are likely to make the next move either below the recent lows or above key resistances.