Bitcoin short-term bearish signal getting stronger as the cryptocurrency market retraces. The MACD in the daily range remains positive suggesting bulls would soon recommence the uptrend towards $9,000. Trend: Short-term bearish Volatility: High Relative change: -207 Percentage change: 2.48% BTC/USD daily chart Bitcoin is trading within the apex of a falling wedge pattern, in turn, hinting a breakout in the near-term. The price is still below the 50-day Simple Moving Average (SMA) which upside correction will continue to be suppressed. BTC/USD 240-minutes chart Bitcoin makes a comeback in the wide range between $8,500 and $7,700. The 50 SMA stays in line to offer support above $8,000. The Moving Average Convergence Divergence (MACD) suggests that Bitcoin bulls have the energy to keep the price above $,000. BTC/USD hourly chart Bitcoin defends ascending channel support following the false breakout above $8,800 on Friday. The short-term trend remains bearish bias as the MACD dives under the zero line. 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 Forex News Today: Daily Trading News share Read Next IEA slashes oil demand growth estimates for 2019 and 2020 by 100,000 bpd FX Street 4 years Bitcoin short-term bearish signal getting stronger as the cryptocurrency market retraces. The MACD in the daily range remains positive suggesting bulls would soon recommence the uptrend towards $9,000. Trend: Short-term bearish Volatility: High Relative change: -207 Percentage change: 2.48% BTC/USD daily chart Bitcoin is trading within the apex of a falling wedge pattern, in turn, hinting a breakout in the near-term. The price is still below the 50-day Simple Moving Average (SMA) which upside correction will continue to be suppressed. BTC/USD 240-minutes chart Bitcoin makes a comeback in the wide range between $8,500 and $7,700. The 50 SMA stays in… 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.
