The MACD in the daily chart indicates decreasing bullish momentum. The one-hour BTC/USD chart shows early bearish dominance, followed by a comeback from the bulls. BTC/USD daily chart BTC/USD continued to consolidate below the $7,000 level as the bears managed to drop the price from $6,906.90 to $6,874. The bears need to break below the $6,694.15 support level to continue the downward momentum. The MACD indicates decreasing bullish momentum, while the Elliott Oscillator has had three straight red sessions showing overall bearish sentiment. BTC/USD one-hour chart The hourly BTC/USD chart makes for some pretty interesting reading. The bears started the session strongly, with BTC/USD falling from $6,908.2 to $6,696.35 in two hours. Following that, the price trended horizontally for a bit before the bulls regained control and took the price up from $6,628.88 to $6,887.30 in 10 hours. In the process, the hourly price has broken above the SMA 50 curve and the 20-day Bollinger Band, indicating that the asset is overvalued in the hourly timeframe. This means that another bearish correction may be around the corner. The 20-day Bollinger jaw has widened, showing increasing market volatility, while the RSI indicator is trending horizontally around 59.25. Key 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 GBP/USD Price Analysis: Mildly positive near key upside barriers FX Street 2 years The MACD in the daily chart indicates decreasing bullish momentum. The one-hour BTC/USD chart shows early bearish dominance, followed by a comeback from the bulls. BTC/USD daily chart BTC/USD continued to consolidate below the $7,000 level as the bears managed to drop the price from $6,906.90 to $6,874. The bears need to break below the $6,694.15 support level to continue the downward momentum. The MACD indicates decreasing bullish momentum, while the Elliott Oscillator has had three straight red sessions showing overall bearish sentiment. BTC/USD one-hour chart The hourly BTC/USD chart makes for some pretty interesting reading. The bears started 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.
