Bitcoin price seen down just some 0.7% in the latter stages of trading on Friday, as it falters within supply zone. BTC/USD continues to respect a descending trend line, that has been running since the back-end of July. The Bitcoin price traded throughout much of Friday’s session within the red, after coming under attack from the bears, selling the rallies seen late on Thursday. It has been a choppy week for the crypto market in general, with a lack of solid trend commitment. BTC/USD has continued to respect a descending trend line that has been running since the back-end of July. On each occasion the price has come into contact with it, the sellers have piled in, driving the price further south. Technically, the daily candle for BTC/USD has again tested the above-mentioned descending trend line, which has seen another rejection. In proximity to this resistance a supply area is tracking from the $6700 territory up to $6800. Should the bulls manage to push above both mentioned resistance areas, then a wave of new buyers could flock in, which could see the 4th September highs tested at $7400. BTC/USD daily 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 GBP/USD Technical Analysis: Cable bulls back in town targeting 1.3100 level FX Street 4 years Bitcoin price seen down just some 0.7% in the latter stages of trading on Friday, as it falters within supply zone. BTC/USD continues to respect a descending trend line, that has been running since the back-end of July. The Bitcoin price traded throughout much of Friday's session within the red, after coming under attack from the bears, selling the rallies seen late on Thursday. It has been a choppy week for the crypto market in general, with a lack of solid trend commitment. BTC/USD has continued to respect a descending trend line that has been running since the back-end… 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.
