The bulls are in control of BTC/USD at the moment but the price has consolidated. The price has now moved into a large consolidation zone on the hourly chart. BTC/USD hourly chart The price action on the bitcoin hourly chart below shows the extent of the battle between the buyers and sellers at these elevated levels. Between $9,140 and $9,619.95 we now have an area of consolidation and a break in either direction could be pivotal. The price is still above the 200 hourly simple moving average which is a positive sign. On the daily chart, the price waves are still making higher highs and higher lows. Even on the daily chart this area we are currently in looks sticky from a technical perspective. Additional 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 Forex Today: All eyes on RBA FX Street 2 years The bulls are in control of BTC/USD at the moment but the price has consolidated. The price has now moved into a large consolidation zone on the hourly chart. BTC/USD hourly chart The price action on the bitcoin hourly chart below shows the extent of the battle between the buyers and sellers at these elevated levels. Between $9,140 and $9,619.95 we now have an area of consolidation and a break in either direction could be pivotal. The price is still above the 200 hourly simple moving average which is a positive sign. On the daily chart, the price waves are… 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.
