BTC/USD is vulnerable to further losses as the recovery falters. A sustainable move above $8,050 will take the price to $7,800. Bitcoin (BTC) is changing hands marginally below $8,100. The first digital coin managed to regain some ground, having gained about 1% of its value in a matter of hours ahead of the European opening. Despite the recovery, BTC is vulnerable to further losses as the upside momentum is weak so far. Read also: Institutional investors not scared by Bitcoin sell-off – Grayscale report Bitcoin confluence levels During early European hours BTC/USD tested area above $8,100. Despite the recovery from the intraday lows, the upside momentum remains weak, which poses risks for Bitcoin. There are a few barriers both below and above the current price, though the move to the South looks like a path of least resistance. 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 – Pivot Point one-day Resistatnce 1, 61.8% Fibo retracement weekly, SMA50 (Simple Moving Average) one-hour; $8,300 – Pivot Point one-day Resistatnce 2, SMA10 daily; $8,500 – 23.6% Fibo retracement monthly, 38.2% Fibo retracement weekly, the upper line of the four-hour Bollinger Band; Support levels $8,00 – psychological level 23.6% Fibo retracement daily, the middle line of one-hour Bollinger Band, SMA10 one hour; $7,800 – the lower line of the Bollinger Band on one-hour, four-hour and daily timeframes $7,800 – the lowest levels of the previous week, Pivot Point one-day 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 Brexit: UK set to rule out any delays – GBP/USD pressured FX Street 4 years BTC/USD is vulnerable to further losses as the recovery falters. A sustainable move above $8,050 will take the price to $7,800. Bitcoin (BTC) is changing hands marginally below $8,100. The first digital coin managed to regain some ground, having gained about 1% of its value in a matter of hours ahead of the European opening. Despite the recovery, BTC is vulnerable to further losses as the upside momentum is weak so far. Read also: Institutional investors not scared by Bitcoin sell-off - Grayscale report Bitcoin confluence levels During early European hours BTC/USD tested area above $8,100. Despite the recovery… 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.