Bitcoin is trading in negative territory by some 2.2% in the latter stages of the day. BTC/USD near-term price action has formed a bearish pennant pattern. The Bitcoin price late on Wednesday is nursing losses of some 2.2% in the latter stages of trading. BTC/USD has been subject to further selling pressure, as the bears’ control to retain control of the direction. Technically, near-term price action is pointing to another push to the downside. BTC/USD via the 15-minute chart view is moving within a bearish pennant pattern structure, subject to a breakout south. The critical daily support that should be noted is tracking at $7800, failure to hold could invite a stronger wave of selling pressure. BTC/USD 15-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 Cryptocurrencies price prediction: Bitcoin, Litecoin & EOS – American Wrap – 16 October FX Street 4 years Bitcoin is trading in negative territory by some 2.2% in the latter stages of the day. BTC/USD near-term price action has formed a bearish pennant pattern. The Bitcoin price late on Wednesday is nursing losses of some 2.2% in the latter stages of trading. BTC/USD has been subject to further selling pressure, as the bears' control to retain control of the direction. Technically, near-term price action is pointing to another push to the downside. BTC/USD via the 15-minute chart view is moving within a bearish pennant pattern structure, subject to a breakout south. The critical daily support 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.
