The bullish trend has been short-lived and we can see BTC/USD trimming the gains. Bitcoin bulls take the bear with a brief surge only to fall into a bear trap. Bitcoin was making strides toward the stubborn $3,900. However, the bullish trend has been short-lived and we can see BTC/USD trimming the gains towards the support at $3,800. The largest crypto market is trading at $3,832 at press time after sliding 0.52% on the day. The price is now under both the 50 SMA and the 100 SMA 15-minutes chart. Both of these indicators failed to support Bitcoin but will now hinder bullish growth. Other indicators like the RSI has been rejected from the oversold and is now finding a balance around 40. The MACD on the same chart is almost crossing into the negative region to show that the bears are gaining more control as the bulls lose ground. 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 finds support ahead of 0.68, stays in lower half of daily range FX Street 4 years The bullish trend has been short-lived and we can see BTC/USD trimming the gains. Bitcoin bulls take the bear with a brief surge only to fall into a bear trap. Bitcoin was making strides toward the stubborn $3,900. However, the bullish trend has been short-lived and we can see BTC/USD trimming the gains towards the support at $3,800. The largest crypto market is trading at $3,832 at press time after sliding 0.52% on the day. The price is now under both the 50 SMA and the 100 SMA 15-minutes chart. Both of these indicators failed to support Bitcoin but 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.
