Bitcoin stays in the green despite the drop to $5,800. Technically, Bitcoin path of least resistance is upward sideways. After trading close to $6,000 Bitcoin has been fighting to stay above $5,850 support. However, high volatility means that price prediction is difficult at the same time rendering support and resistance levels almost insignificant. For instance, the flash drop just moments ago has seen Bitcoin plunge below $5,900 butchering the support at $5,850 to test $5,800. A reversal has occurred above $5,800 and BTC/USD is trading around $5,844 while supported by the 100 SMA as well as the EMA200. The brief flash drop caused the RSI to dive towards the oversold but reversed on touching 30.00. The MACD, on the other hand, had hit levels around +62.88 is increasing the divergence in the negative region to show that bears are gaining traction. Technically, Bitcoin path of least resistance is upward sideways. The support atv$5,800 will stay put to the close of the session today while $5,900 is likely to be the barrier to the upside. It is now clear that the journey to $6,000 was not going to be that smooth. BTC/USD 15′ chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Ripple’s XRP Price Prediction: XRP/USD continues to be the under-performer – Confluence Detector FX Street 3 years Bitcoin stays in the green despite the drop to $5,800. Technically, Bitcoin path of least resistance is upward sideways. After trading close to $6,000 Bitcoin has been fighting to stay above $5,850 support. However, high volatility means that price prediction is difficult at the same time rendering support and resistance levels almost insignificant. For instance, the flash drop just moments ago has seen Bitcoin plunge below $5,900 butchering the support at $5,850 to test $5,800. A reversal has occurred above $5,800 and BTC/USD is trading around $5,844 while supported by the 100 SMA as well as the EMA200. The brief… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
