Bitcoin price trading in very minor positive territory late on Wednesday, up some 0.10%. BTC/USD is moving within an ascending channel formation, subject to a potential breakout south. The Bitcoin price in the latter part of trading on Wednesday is trading with very minor gains of some 0.10%. Price action has been moving within consolidation mode of late, as market players remains cautious following the heavy selling pressure on the weekend. BTC/USD price action is moving within an ascending channel formation. This has been in play since 8th February, grinding higher and respecting the trend lines that make up the pattern. Typically, such channels tend to be vulnerable to further downside risks. The next major area of interest would be $3200-3000 to the downside. Looking via the daily confluence detector for chunky barriers, firstly the upside; $3822.58, 61.8% daily Fibonacci, daily 100SMA, $3862.13, daily pivot point resistance. To the downside; $3783, 38.2% daily Fibonacci, and finally $3624 daily 50SMA. BTC/USD daily confluence detector 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 Gold: Bulls capitulate to key trend line support, giving way to benchmarks turning positive and solid greenback FX Street 4 years Bitcoin price trading in very minor positive territory late on Wednesday, up some 0.10%. BTC/USD is moving within an ascending channel formation, subject to a potential breakout south. The Bitcoin price in the latter part of trading on Wednesday is trading with very minor gains of some 0.10%. Price action has been moving within consolidation mode of late, as market players remains cautious following the heavy selling pressure on the weekend. BTC/USD price action is moving within an ascending channel formation. This has been in play since 8th February, grinding higher and respecting the trend lines that make up the… 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.
