BTC/USD’s mid-week recovery remains shallow, sellers retake control of the price action with the daily RSI easing back to the 40 mark. Only a daily close above $6800 (critical Fibo resistance) could neutralize the short-term bearish outlook. A decisive break below $6000 could open the door to new 2018 low. BTC/USD daily chart Spot rate: 6180 Relative change: -3% High: 6377 Low: 6128 Trend: Bearish Support 1: 6000 (psychological level/static support). Support 2: 5750 (2018 low/Jun. 24 low). Support 3: 5500 (Oct. 24, 2017, low). Resistance 1: 6370 (50-DMA). Resistance 2: 6800 (Fibo. 23.6% retracement of May 6 – Jun. 24 fall). Resistance 3: 7350 (Fibo. 38.2% retracement of May 6 – Jun. 24 fall). 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 EUR/USD Technical Analysis: EUR/USD trading below 1.1700 post-US CPI FX Street 5 years BTC/USD's mid-week recovery remains shallow, sellers retake control of the price action with the daily RSI easing back to the 40 mark. Only a daily close above $6800 (critical Fibo resistance) could neutralize the short-term bearish outlook. A decisive break below $6000 could open the door to new 2018 low. BTC/USD daily chart Spot rate: 6180 Relative change: -3% High: 6377 Low: 6128 Trend:… 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.
