BTC/USD tests water below critical support at $8,000. A sustainable move lower will take the price to $7,700. Bitcoin (BTC) is in a dangerous position as the price slipped below critical support level of $8,000 during early Asian hours. If the breakthrough is confirmed, the downside momentum will gain traction with the next focus on $7,700. The coin is down 2% since the beginning of the day and 1.1% on a day-on-day basis. Bitcoin confluence levels At the time of writing, BTC/USD is changing hands at $7,980. There are a lot of significant technical barriers clustered above the current price, while the way to the South is practically clear. Let’s have a closer look at the technical levels that may serve as resistance and support areas for the coin. Resistance levels $8,150 – SMA50 (Simple Moving Average) one-hour, SMA10 four-hour, 61.8 Fibo retracement daily; $8,250 – 61.8% Fibo retracement weekly, SMA10 daily, the highest level of the previous day; $8,550 – Pivot Point one-week Resistance 1, the highest level of the previous week; Support levels $7,800 – 23.6% Fibo retracement weekly, Pivot Point one-day Support 3; $7,700 – the lowest levels of the previous week and the previous month, Pivot Point one-week Support 1 $7,300 – Pivot Point one-week Support 2. 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 market update: ETH/USD follows Bitcoin’s lead, loses 2% FX Street 3 years BTC/USD tests water below critical support at $8,000. A sustainable move lower will take the price to $7,700. Bitcoin (BTC) is in a dangerous position as the price slipped below critical support level of $8,000 during early Asian hours. If the breakthrough is confirmed, the downside momentum will gain traction with the next focus on $7,700. The coin is down 2% since the beginning of the day and 1.1% on a day-on-day basis. Bitcoin confluence levels At the time of writing, BTC/USD is changing hands at $7,980. There are a lot of significant technical barriers clustered above the current… 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.