Bitcoin is has tested the 7K level 4 times and managed to break it one but cannot sustain the move. The 6600.00 support zone is now even more significant as a break could give us some clues. BTC/USD 1-hour chart Bitcoin managed to get as high as 7,254.74 but sold off as the bulls could not manage to keep the buying momentum going. The bulls then tried to take another run at the highs and the second wave only managed to get as high as 7048.98 and briefly hold above the 7K zone. On the downside now, the price managed to find some support at the 55 exponential moving average (EMA). The spike through the EMA took the price to the 6600.00 level and now this is a key zone. If the price breaks the support then a new lower high and lower low would be created possibly starting the change in trend. Underneath that, the blue trendline could also offer support and it is quite close to the 200 1-hour simple moving average (SMA). Lastly, the RSI has moved below the 50 mid-line indicating the bearishness could be more permanent. Additional levels 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 ISM non-manufacturing: A less-bad fall than many feared – Wells Fargo FX Street 2 years Bitcoin is has tested the 7K level 4 times and managed to break it one but cannot sustain the move. The 6600.00 support zone is now even more significant as a break could give us some clues. BTC/USD 1-hour chart Bitcoin managed to get as high as 7,254.74 but sold off as the bulls could not manage to keep the buying momentum going. The bulls then tried to take another run at the highs and the second wave only managed to get as high as 7048.98 and briefly hold above the 7K zone. On the downside now, the price managed… 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.
