Bitcoin is locked below the month-long trendline resistance. Bitcoin market dominance is at 51.3%, down from 57.5% (2018 highs). BTC/USD is supported at $6,400, $6,200 and $6,100. Bitcoin has been correcting higher since the slide in the first week of September found balance marginally above $6,100. In spite of the up and down swings throughout last month’s trading, BTC/USD is still trading within an ascending channel as seen on the 15-minutes chart. However, the uptrend has not been able to break above the resistance at $7,000. The largest cryptocurrency by market capitalization is currently taking up 51.3% of the total cryptocurrency market. Its market cap stands at $114 billion while $4 billion in trading volume has gone through the exchanges listed on CoinMarketCap. Altcoins have been recovery slightly in the last one week in return reducing Bitcoin market dominance from 2018 high of 57.05 percent. Meanwhile, Bitcoin price is trading at $6,594 but it has recorded highs of $6,637 on the day. The month-long descending trendline is capping the gains towards $6,700. The current trend is strongly bearish, similarly, the MACD is ranging slightly below the mean line (0.00) while the RSI has retreated in the region between 30 -50 percent. Bitcoin price is also holding tight to the 50% Fib retracement level with the last high leg at $7,383.99 and a low leg of $6,103.48. If the price retraces above $6,600, Bitcoin could regain strength towards $6,700 and $6,800. On the other side, there are several support areas highlighted at $6,400, $6,200 and the primary support zone at $6,100. BTC/USD 15-minutes 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 USD/CHF Technical Analysis: Poised to extend the bullish momentum towards a confluence hurdle FX Street 4 years Bitcoin is locked below the month-long trendline resistance. Bitcoin market dominance is at 51.3%, down from 57.5% (2018 highs). BTC/USD is supported at $6,400, $6,200 and $6,100. Bitcoin has been correcting higher since the slide in the first week of September found balance marginally above $6,100. In spite of the up and down swings throughout last month's trading, BTC/USD is still trading within an ascending channel as seen on the 15-minutes chart. However, the uptrend has not been able to break above the resistance at $7,000. The largest cryptocurrency by market capitalization is currently taking up 51.3% of the total… 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.
