Bitcoin price in the latter stages of Wednesday’s session, seen down over 1%. BTC/USD broke out to the downside from an ascending trend line, which was providing firm support. The Bitcoin Cash price smashed through a critical near-term area of support, an ascending trend line. This has been running from 3rd October, having provided a bounce on each time the price met the trend line. Given the fast break lower, BTC/USD bulls may be given an opportunity to retest the breached area of support, around $6,570. There appears to be much protection ahead of the big $6000 bottom area, however bears are attempting to break this down. The number of times BTC/USD has required to receive resistance, in the key demand areas. Further penetration from the bears could lead to an eventual breach. Demand areas are seen within the entire $6500-400 area. Further south would be $6100, where BTC/USD received strong bidding on 9 and 19th September, during a bear market. Eyes are currently peeled to see how the price will respond to the breached ascending trend line. BTC/USD 4-hour 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 EIA forecasts US oil demand to rise by 230,000 bpd in 2019 (cut from 250,000 bpd previously) FX Street 4 years Bitcoin price in the latter stages of Wednesday's session, seen down over 1%. BTC/USD broke out to the downside from an ascending trend line, which was providing firm support. The Bitcoin Cash price smashed through a critical near-term area of support, an ascending trend line. This has been running from 3rd October, having provided a bounce on each time the price met the trend line. Given the fast break lower, BTC/USD bulls may be given an opportunity to retest the breached area of support, around $6,570. There appears to be much protection ahead of the big $6000 bottom area,… 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.
