Bitcoin price is narrowing down to $10,000 support. BTC/USD short-term trend is slightly in favor of the bulls. Bitcoin failed to sustained the formidable gains witnessed on the first day of the week. BTC/USD approached $10,700 but formed a weekly high at $10,669. The dwindling buying pressure opened a gap for bearish action. The selling activity is pressing down on key support areas. However, $10,100 is coming out as a formidable support during this week’s trading. Bitcoin trend has in the past couple of months formed a lower low pattern. The trend has had some analysts believe that BTC is delaying a bearish price action. The narrowing trend towards $10,000 could result in a breakdown towards $8,500. The short-term 15-mins timeframe chart shows Bitcoin price holding position within a bullish flag pattern. The continuation pattern is likely propel Bitcoin above $11,000. Psychological levels at $11,000 and $12,000 have had investor waiting with baited breath for higher breakout. The short-term trend is slightly in favor of the bulls. The moving average convergence divergence (MACD) is moving towards the positive territory as signal for growing buying power. BTC/USD 15-mins 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 US Dollar Index Technical Analysis: The short-term support line holds the downside so far FX Street 4 years Bitcoin price is narrowing down to $10,000 support. BTC/USD short-term trend is slightly in favor of the bulls. Bitcoin failed to sustained the formidable gains witnessed on the first day of the week. BTC/USD approached $10,700 but formed a weekly high at $10,669. The dwindling buying pressure opened a gap for bearish action. The selling activity is pressing down on key support areas. However, $10,100 is coming out as a formidable support during this week's trading. Bitcoin trend has in the past couple of months formed a lower low pattern. The trend has had some analysts believe that BTC is… 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.
