BTC/USD Daily Chart BTC/USD went down from $5,545 to $5,428 this Wednesday. The market charts a triangle formation from which it has had a bearish breakout. Bulls have to defend $5,345 support line to prevent any further descent. The market is trending above the 200-day simple moving average (SMA 200), SMA 50, and SMA 20 curves. The signal line is diverging slightly away from the MACD line to indicate an increase in bearish momentum. BTC/USD 4-Hour Chart The Ichimoku indicator shows that the current market sentiment is bearish. The Elliot wave oscillator shows six consecutive bearish sessions. The second last session found support on the upward trending line. BTC/USD Hourly Chart The BTC/USD hourly market is trending above the SMA 200 curve. The market is trending below both the SMA 20 and SMA 50 curves. The relative strength index (RSI) curve has turned towards the oversold territory. The market is trending in the middle of the 20-day Bollinger band. Key Levels 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/JPY Technical Analysis: Bears looking into a break of 124.80 for the 38.2% Fibo. FX Street 4 years BTC/USD Daily Chart BTC/USD went down from $5,545 to $5,428 this Wednesday. The market charts a triangle formation from which it has had a bearish breakout. Bulls have to defend $5,345 support line to prevent any further descent. The market is trending above the 200-day simple moving average (SMA 200), SMA 50, and SMA 20 curves. The signal line is diverging slightly away from the MACD line to indicate an increase in bearish momentum. BTC/USD 4-Hour Chart The Ichimoku indicator shows that the current market sentiment is bearish. The Elliot wave oscillator shows six consecutive bearish sessions. The second last… 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.
