Bitcoin breaks out of a trendline resistance on the short term chart. Faces resistance at 100 days SMA. Bitcoin, the poster boy of cryptocurrencies, has broken out of a falling trendline resistance on the short term charts and is trading well above it, but has a first test to pass in the form of 100 days simple moving average. BTC/USD is up more than a percent at $7,722 after hitting day’s low of $7,587. BTC bulls have managed to sustain past a falling trendline resistance on the 240-minute chart, as pointed by this author on Saturday (read earlier story here) and now faces first test in the form of 100 days simple moving average sitting just where the price is – $7,731. Once crossed, BTC’s next major resistance is around the round figure mark of $8,000 and then $8,600. Strong support is placed around $7,000 mark. BTC/USD 240-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 AUD/USD Forecast June 4-8 – Looking for a direction Yohay Elam 5 years Bitcoin breaks out of a trendline resistance on the short term chart. Faces resistance at 100 days SMA. Bitcoin, the poster boy of cryptocurrencies, has broken out of a falling trendline resistance on the short term charts and is trading well above it, but has a first test to pass in the form of 100 days simple moving average. BTC/USD is up more than a percent at $7,722 after hitting day's low of $7,587. BTC bulls have managed to sustain past a falling trendline resistance on the 240-minute chart, as pointed by this author on Saturday (read earlier story here)… 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.
