The Bitcoin price is subject to a weekly closure in the red, as the bulls fail to find upside momentum. BTC/USD weekly support is being tested by the bears, tracking at $7800. Bitcoin price is heading for another week closing in the red, the price has failed again to find any upside momentum. It has been the case since the back-end of June, when the bulls ran out of steam, up to within the $13,000 territory. BTC/USD is flirting with big weekly support seen at $7800, the price has touched this for going on four weeks now. Bitcoin has not traded below this via the weekly since May when the price was moving north at the time. Technically, a weekly breakout and closure below could be very damaging to the price. It could very well open the door to a fresh wave of selling pressure. The next major weekly support south of this is seen down at $6000. BTC/USD weekly 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 The JP Morgan CEO thinks Libra will never happen FX Street 3 years The Bitcoin price is subject to a weekly closure in the red, as the bulls fail to find upside momentum. BTC/USD weekly support is being tested by the bears, tracking at $7800. Bitcoin price is heading for another week closing in the red, the price has failed again to find any upside momentum. It has been the case since the back-end of June, when the bulls ran out of steam, up to within the $13,000 territory. BTC/USD is flirting with big weekly support seen at $7800, the price has touched this for going on four weeks now. Bitcoin… 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.
