BTC faces ample resistances ahead. Consolidation is the only thing visible. Bitcoin the largest cryptocurrency and the poster boy of crypto world, can’t decide what it wants to do as the price has been oscillating between $6,000 and $7,000 for quite some time now. BTC/USD is up 2 cents of a percent at $6,415 and trading in less than half a percent range for the day, pity for an asset class whose second cousin is volatility. On the 240-minute chart of the crypto, BTC has been finding it difficult to cross past this descending trendline and it needs a lot of push and momentum by its side to sustain higher levels. Even if bulls manage to cross this short term resistance, there are other bigger ones on the daily chart, just above this one above $6,500 in the form of descending trendline of the falling wedge and 100 days SMA above $6,700. BTC/USD 240-minute chart: 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 Ethereum price analysis: Yet another show of resistance FX Street 4 years BTC faces ample resistances ahead. Consolidation is the only thing visible. Bitcoin the largest cryptocurrency and the poster boy of crypto world, can't decide what it wants to do as the price has been oscillating between $6,000 and $7,000 for quite some time now. BTC/USD is up 2 cents of a percent at $6,415 and trading in less than half a percent range for the day, pity for an asset class whose second cousin is volatility. On the 240-minute chart of the crypto, BTC has been finding it difficult to cross past this descending trendline and it needs a lot… 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.
