BTC/USD bounces off the channel low and now trades 4.76% higher on the session. Bulls and hodl’ers will be glad that the market found some support. BTC/USD Daily Chart On the daily chart below it is clear to see that Bitcoin bounced off the channel low. BTC/USD feels like it has been in freefall over the last few sessions and now we could see a base. If the price gets back over 7,344 then we would see a bullish engulfing candle for the GMT candle close. The next major resistance is at 7,830 and this is where the market found support during late September and October. In terms of psychological levels, 7K looks like a good mark to build from but only time will tell if the bulls can get back in charge. 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 Gold prices continue to bleed-out on trade-deal optimism FX Street 3 years BTC/USD bounces off the channel low and now trades 4.76% higher on the session. Bulls and hodl'ers will be glad that the market found some support. BTC/USD Daily Chart On the daily chart below it is clear to see that Bitcoin bounced off the channel low. BTC/USD feels like it has been in freefall over the last few sessions and now we could see a base. If the price gets back over 7,344 then we would see a bullish engulfing candle for the GMT candle close. The next major resistance is at 7,830 and this is where the market… 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.
