Bitcoin price holds modest gains of just under 1% on Wednesday, extended on Tuesday’s advance. A shift in sentiment is evident, given the price was under pressure at lows of $7040, in the early part of Tuesday’s session. The Bitcoin price extended modestly on its gains made during Tuesday’ session, as it further seeks to claw back the losses encountered over the past sessions. After seeing an aggressive move to the upside yesterday, it isn’t too surprising observing this consolidation mode during Wednesday’s session. Over the past 24 hours now, BTC/USD has been trading within a narrowing range of $100, but still gradually grinding higher. Clearly a very near-term shift in sentiment, considering the heavy sell pressure Bitcoin was encountering up until very early on Tuesday, where the price was at lows of $7042. Above targets are eyed within a heavy supply zone, seen just ahead for BTC/USD, which is in proximity to the $7600 level. A retest of this area will come once and if the price makes an extended move through, to break the bull flag seen. Immediate upside resistance is seen at $7540, ahead of the supply zone within $7600 territory. Support is seen at $7470, the lower part of the bull flag pattern formation. BTC/USD 60-minute 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 EOS price analysis: EOS/USD loses steam above $12.00, but Charlee Lee says EOS $10,000 reward for catastrophic bugs ahead of mainnet is “strange” FX Street 5 years Bitcoin price holds modest gains of just under 1% on Wednesday, extended on Tuesday's advance. A shift in sentiment is evident, given the price was under pressure at lows of $7040, in the early part of Tuesday's session. The Bitcoin price extended modestly on its gains made during Tuesday' session, as it further seeks to claw back the losses encountered over the past sessions. After seeing an aggressive move to the upside yesterday, it isn't too surprising observing this consolidation mode during Wednesday's session. Over the past 24 hours now, BTC/USD has been trading within a narrowing range of… 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.
