BTC/USD is once again trading soft today and is currently 1.46% lower on the session. The market is looking to see if the psychological 8K level holds. BTC/USD Daily Chart Looking at the daily chart below you can see by the red rectangle the price is at a sicky point. This can be described as the mean value of a previous consolidation point between 8,827.00 and 7,268.13. The main support level to worry about hangs at the low of 7,268.13. If that level breaks then it is time for the bulls to worry. Price has consolidated at this are in the past and pushed higher so the general weakness today is currently not a major concern. Looking above price, the bulls would need a break of 8,827.00 for a positive signal. Also, there is an internal trendline that could support price if it drops lower and it begins at the highs seen in late June. Overall, yes the price action is weak but there is still hope for the bulls. 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 US: Homebuilding is gradually gaining momentum – Wells Fargo FX Street 3 years BTC/USD is once again trading soft today and is currently 1.46% lower on the session. The market is looking to see if the psychological 8K level holds. BTC/USD Daily Chart Looking at the daily chart below you can see by the red rectangle the price is at a sicky point. This can be described as the mean value of a previous consolidation point between 8,827.00 and 7,268.13. The main support level to worry about hangs at the low of 7,268.13. If that level breaks then it is time for the bulls to worry. Price has consolidated at this are in… 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.
