BTC nearing a resistance. Support nearby to help the bounce. Bitcoin, the poster boy of cryptocurrencies, suprised the skeptics in the last few days by bouncing from the troughs to reach beyond $8,000 and now is near the resistance level that might cut short its ongoing price rally. BTC/USD is up about 0.3 percent at $8,205 and on the weekend trading in a narrow band of close to one percent. After rallying hard in the last few days, BTC has reached a resistance on the 120-minute chart that might curtail its ongoing price rally. Solace for the bulls is that it may not fall too much from here as there’s a medium term support at rescue around $8,000. So range for now for BTC could be placed at $8,000 – $8,250. BTC/USD 120-minute 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 price analysis: False inverted H&S breakout results in breakdown FX Street 5 years BTC nearing a resistance. Support nearby to help the bounce. Bitcoin, the poster boy of cryptocurrencies, suprised the skeptics in the last few days by bouncing from the troughs to reach beyond $8,000 and now is near the resistance level that might cut short its ongoing price rally. BTC/USD is up about 0.3 percent at $8,205 and on the weekend trading in a narrow band of close to one percent. After rallying hard in the last few days, BTC has reached a resistance on the 120-minute chart that might curtail its ongoing price rally. Solace for the bulls is that… 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.
