Cryptocurrencies sold off again today and the bulls found support at 7,500. Now the channel has broken to the downside the bottom of the structure could be a resistance. BTC/USD 4-Hour Chart Bitcoin sold off earlier in the EU session but has now consolidated above 7,500.00 The old channel formation has now become invalidated but the bottom channel line could be a resistance level. 7,800 is also a resistance level to keep an eye on. On the downside support holds at 7,300.53, beyond that 7,296.44 is the main support level. The fall of the psychological 8K level was disappointing for the bulls but it’s not the end of the world as long as 7,296.44 holds. Additional 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 AUD/JPY Technical Analysis: Remains on the back foot near 50% Fibo. after Australia PMI FX Street 3 years Cryptocurrencies sold off again today and the bulls found support at 7,500. Now the channel has broken to the downside the bottom of the structure could be a resistance. BTC/USD 4-Hour Chart Bitcoin sold off earlier in the EU session but has now consolidated above 7,500.00 The old channel formation has now become invalidated but the bottom channel line could be a resistance level. 7,800 is also a resistance level to keep an eye on. On the downside support holds at 7,300.53, beyond that 7,296.44 is the main support level. The fall of the psychological 8K level was disappointing for… 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.
