Bitcoin breaks down on the short term chart. Small dip seen in the near term, long term hazy Bitcoin, the largest cryptocurrency, has broken down of a rising wedge pattern on the short term chart, though its not as scary to warrant a panic among the bulls, who anyway have gone on a long summar vacation after the sell-off seen in the cryptos in the past few weeks. BTC/USD is down about 0.3 percent on day at $6,577.87 and trading in a less than $100 range for the day. On the 15-minute chart, BTC has broken down of a rising wedge which would potentially target around $6,420, not a meaningful breakdown as such. Immediate resistance for the bulls is placed around $6,600-$6,620 range and if broken on the upside, the move on the downside as a result of rising wedge would be negated for now. BTC/USD 15-minute chart: 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 Litecoin price analysis: Short term resistance won’t help long term falling wedge breakout, just not yet FX Street 3 years Bitcoin breaks down on the short term chart. Small dip seen in the near term, long term hazy Bitcoin, the largest cryptocurrency, has broken down of a rising wedge pattern on the short term chart, though its not as scary to warrant a panic among the bulls, who anyway have gone on a long summar vacation after the sell-off seen in the cryptos in the past few weeks. BTC/USD is down about 0.3 percent on day at $6,577.87 and trading in a less than $100 range for the day. On the 15-minute chart, BTC has broken down of a rising… Top 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.
