It was all going so well as BTC/USD broke into positive territory for the session earlier. There is a key resistance on the four-hour charts that stopped the bulls from reaching higher levels. The Bitcoin bulls seemed to be in control today as earlier on BTC/USD traded higher after rejecting lower levels on Sunday. Now the psychological 8K level will come back into focus as the four-hour shooting star candle could indicate some further pain for Bitcoin. It is interesting how the volume profile indicator (right-hand side) peak keeps acting like a price magnet. Although, in consolidation phases, this is often the case. If BTC/USD makes a higher low and take out the 8,252 level it would be a bullish sign and that idea could still play out. In the short term, we will need to see how much lower the price can go after rejecting 8,252 to the upside. The trendline break was also a nice bullish move and hopefully hold as price moves lower toward 8k. For now we are looking to see where the price might find support. 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 USD/CAD: Bears in control ahead of election results FX Street 3 years It was all going so well as BTC/USD broke into positive territory for the session earlier. There is a key resistance on the four-hour charts that stopped the bulls from reaching higher levels. The Bitcoin bulls seemed to be in control today as earlier on BTC/USD traded higher after rejecting lower levels on Sunday. Now the psychological 8K level will come back into focus as the four-hour shooting star candle could indicate some further pain for Bitcoin. It is interesting how the volume profile indicator (right-hand side) peak keeps acting like a price magnet. Although, in consolidation phases, this… 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.
