Bitcoin price hovers slightly under $9,500 as consolidation takes center stage. The failure to sustain gains above $9,600 gave the bears an opportunity to formulate a revenge mission. Spot rate: $9,270 Relative change: -54 Percentage change: -0.58% Trend: Bearish bias Volatility: Expanding BTC/USD daily chart Despite the rejection encountered at $9,630, Bitcoin continues to cultivate an uptrend within an ascending channel. Bitcoin’s most prominent short term support holds the position at the 61.8% Fibonacci at $9,000. BTC/USD 4-hour chart If the Bollinger Band lower curve gives in to the selling activity, chances are that BTC could breakdown further towards $9,000. The main trendline is still in place to offer support and ensure the uptrend does not falter. BTC/USD 15-minutes chart The region between $9,150 and $9,200 is standing out as credible support in short term trend analysis. 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 US Dollar Index flirts with the 100-day SMA above 97.80 FX Street 2 years Bitcoin price hovers slightly under $9,500 as consolidation takes center stage. The failure to sustain gains above $9,600 gave the bears an opportunity to formulate a revenge mission. Spot rate: $9,270 Relative change: -54 Percentage change: -0.58% Trend: Bearish bias Volatility: Expanding BTC/USD daily chart Despite the rejection encountered at $9,630, Bitcoin continues to cultivate an uptrend within an ascending channel. Bitcoin’s most prominent short term support holds the position at the 61.8% Fibonacci at $9,000. BTC/USD 4-hour chart If the Bollinger Band lower curve gives in to the selling activity, chances are that BTC could breakdown further towards $9,000.… 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.
