Bitcoin price continues to hand in the balance within a narrow range between $8,700 and $8,000. Bitcoin’s ability to hold above $8,700 diminishes with each treading session since Monday. Spot rate: $8,738 Relative change: -20 Percentage change: -0.23% Volatility: Low Trend: Bearish BTC/USD daily chart Bitcoin bulls must defend the falling wedge triangle support as if their lives depend on it. The bearish cross with the MACD suggests that Bitcoin has a bearish bias in the short term. BTC/USD 4-hour chart The previous DMI signal was bearish while the DMI is trending sideways at 20, which suggests that BTC will continue trading sideways. The MACD in this range has a bullish cross to show that the bulls are relatively in control. BTC/USD 1-hour chart With the 50 SMA below the 100 SMA bears are likely to hold the mantle longer than expected. The resistance at $8,800 (100 SMA) must come down for trading above $9,000 to become a reality. 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 NZD/USD Technical Analysis: Downbeat China data shifts focus to 50-day EMA support FX Street 3 years Bitcoin price continues to hand in the balance within a narrow range between $8,700 and $8,000. Bitcoin's ability to hold above $8,700 diminishes with each treading session since Monday. Spot rate: $8,738 Relative change: -20 Percentage change: -0.23% Volatility: Low Trend: Bearish BTC/USD daily chart Bitcoin bulls must defend the falling wedge triangle support as if their lives depend on it. The bearish cross with the MACD suggests that Bitcoin has a bearish bias in the short term. BTC/USD 4-hour chart The previous DMI signal was bearish while the DMI is trending sideways at 20, which suggests that BTC will… 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.
