Retraces most of the gains of last two weeks. Some more give back likely before another bounce. Bitcoin, the poster boy of cryptocurrency with largest market capitalisation, has given up most of its gains of the past two weeks and chances are it may fall even below $7,000 mark all over again before it shows another meaningful bounce. BTC/USD is up about half a percent for the day at $7,449 and the range so far for the day has been less than 2 percent. BTC bounced sharply in the last two weeks and has now given up most of those gains in its journey towards a critical support on the daily chart – $6,700, way below psychologically important $7,000 mark. Support is placed before that is around $7,140 mark, which is a 50 percent fibonacci retracement of its recent rise from the low hit in June. Resistance is placed just around the current price – $7,455. 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 EOS price analysis: On the borderline, will it, won’t it? FX Street 5 years Retraces most of the gains of last two weeks. Some more give back likely before another bounce. Bitcoin, the poster boy of cryptocurrency with largest market capitalisation, has given up most of its gains of the past two weeks and chances are it may fall even below $7,000 mark all over again before it shows another meaningful bounce. BTC/USD is up about half a percent for the day at $7,449 and the range so far for the day has been less than 2 percent. BTC bounced sharply in the last two weeks and has now given up most of those… 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.
