The general crypto sentiment is still weak as BTC/USD heads to 8k. At the moment the internal trendline support is holding but the volume is still supporting the buy-side. Bitcoin Daily Chart BTC/USD has been making a consolidation pattern that has been grinding lower towards 8K. Right now the price is at the peak of the current distribution area that could potentially provide some support. The key support level is 7296.44 and if that level breaks it could indicate some more weakness to the downside. The resistance zone above the price at the moment is holding at 9071.00. This level has been used as support three times on the chart below. Having said that if the price does manage to break it will be a good bullish signal. For now, this is a consolidation phase and volatility is low. There seems to be the need for a catalyst to inspire some volatility in price. 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 Who’s Who in Blockchain and Cryptocurrencies in the 2020 US Presidential Elections FX Street 3 years The general crypto sentiment is still weak as BTC/USD heads to 8k. At the moment the internal trendline support is holding but the volume is still supporting the buy-side. Bitcoin Daily Chart BTC/USD has been making a consolidation pattern that has been grinding lower towards 8K. Right now the price is at the peak of the current distribution area that could potentially provide some support. The key support level is 7296.44 and if that level breaks it could indicate some more weakness to the downside. The resistance zone above the price at the moment is holding at 9071.00. This level… 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.
