BTC fails to cross key hurdle on the long term chart. Move down to $6,000-6,200 likely. Bitcoin, the defacto King of cryptocurrencies, has been moving at snail’s pace in the range that has not been helping the cause of bulls in any way since last few weeks. End result – ranged trading, of which BTC is now headed towards lower end of the range. BTC/USD is down 3 cents of a percent on day at $6,564 and in a less than one percent range. On the daily chart, as reported by this author last week (read here), BTC continues to trade in a range and is headed towards lower end of the range after failing to cross past the upper resistance, posed by descending trendline and 100 days SMA. On the downside, strong support is placed around $6,000-6200 range, which won’t break so easily. 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 Global market wrap: Italian budget jitters played out – ANZ FX Street 4 years BTC fails to cross key hurdle on the long term chart. Move down to $6,000-6,200 likely. Bitcoin, the defacto King of cryptocurrencies, has been moving at snail's pace in the range that has not been helping the cause of bulls in any way since last few weeks. End result - ranged trading, of which BTC is now headed towards lower end of the range. BTC/USD is down 3 cents of a percent on day at $6,564 and in a less than one percent range. On the daily chart, as reported by this author last week (read here), BTC continues to… 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.
