Search ForexCrunch
  • Bitcoin price on Wednesday is trading in positive territory, holding gains of some 4%.
  • BTC/USD has been closely tracking a critical long-running ascending trend line, which has been in play since early June.  
  • A failure of the noted trend line holding could force the price to drop down to $7500 price area.    


Spot rate:                  9974.65

Relative change:       +4.05%

High:                          10,056.54

Low:                           9575.55


BTC/USD 60-minute chart

  • A heavy amount of supply can be seen in the very early $10,000 territory.  


BTC/USD daily chart

  • BTC/USD struggling to push back above the psychological $10,000 price mark.