Bitcoin price narrows towards $10,300 support after recovery on Monday failed to make headway above $10,500. Limiting immediate upward correction is the 50-day Simple Moving Average (SMA) at $10,433. Spot rate: $10,296 Relative change: -7.229 High: $10,387.07 Low: $10,278.84 Trend: Bearish BTC/USD Daily chart Despite the lower correction following the rejection at $11,000, BTC/USD is still trading above the long-term bullish trendline. The short-term analysis is bearish with the full stochastic oscillator sharply drop towards 50 after hitting highs of 86.364 in September. BTC/USD 4-hour chart Bitcoin buyers defend short-term ascending channel support. A breakout above the channel resistance could send BTC above $11,500. $9,400-$9,200 is the major support zone after being tested three times in the last three months. 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 BI Survey: Indonesia’s retail sales rise 2.4% y/y in July – USD/IDR sits at six-week lows FX Street 4 years Bitcoin price narrows towards $10,300 support after recovery on Monday failed to make headway above $10,500. Limiting immediate upward correction is the 50-day Simple Moving Average (SMA) at $10,433. Spot rate: $10,296 Relative change: -7.229 High: $10,387.07 Low: $10,278.84 Trend: Bearish BTC/USD Daily chart Despite the lower correction following the rejection at $11,000, BTC/USD is still trading above the long-term bullish trendline. The short-term analysis is bearish with the full stochastic oscillator sharply drop towards 50 after hitting highs of 86.364 in September. BTC/USD 4-hour chart Bitcoin buyers defend short-term ascending channel support. A breakout above the channel resistance could… 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.
