BTC bottomed out on the medium term charts. Resistances galore in the immediate term. Bitcoin, the biggest and oldest cryptocurrency, has bottomed out on the medium term charts but still has many roadblocks in the form of resistances to cross and sustain if it has to regain its lost, shining glory. BTC/USD is trading flat on day at $7,405 and in a less than 2 percent range for the day. On the 720-minute chart, BTC faces resistance in the form of descending trendline just above the current market price, that is at $7,769 and before that at $7,612 in the form of 100 days simple moving average, which the largest crypto has not been able to cross and sustain since May. For the long term trend to turn positive, BTC must cross and sustain above $9,950-$10,000, till then it would keep consolidating around current prices. BTC/USD 720-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 IOTA price analysis: No it hasn’t yet broken out FX Street 5 years BTC bottomed out on the medium term charts. Resistances galore in the immediate term. Bitcoin, the biggest and oldest cryptocurrency, has bottomed out on the medium term charts but still has many roadblocks in the form of resistances to cross and sustain if it has to regain its lost, shining glory. BTC/USD is trading flat on day at $7,405 and in a less than 2 percent range for the day. On the 720-minute chart, BTC faces resistance in the form of descending trendline just above the current market price, that is at $7,769 and before that at $7,612 in the… 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.
