Bitcoin is once again lower today but bulls are building a base at 7,814.08. The level to break is once again the psychological 8,000 mark. On the thirty-minute intraday BTC/USD chart there is a clear downward channel forming. Volume activity has picked up as bulls try and form a base but it could still be vulnerable. The low of 7,814.08 is now key as if it breaks we could be in for a free fall to the main support low of 7,701.00. If the price manages to get above the 7,950.98 resistance level the 8K psychological resistance is next. It seems there is nothing but traffic on the way up at the moment. Of course, there is the channel resistance to watch for too. The relative strength index (RSI) has pulled away from the oversold lows but bears may be looking for another push after a small retracement. Most of the volume spikes on the hourly chart are when the price moves lower and this indicates that the bears are still in control. 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 turns flat above $1,490 as USD remains under pressure FX Street 3 years Bitcoin is once again lower today but bulls are building a base at 7,814.08. The level to break is once again the psychological 8,000 mark. On the thirty-minute intraday BTC/USD chart there is a clear downward channel forming. Volume activity has picked up as bulls try and form a base but it could still be vulnerable. The low of 7,814.08 is now key as if it breaks we could be in for a free fall to the main support low of 7,701.00. If the price manages to get above the 7,950.98 resistance level the 8K psychological resistance is next.… 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.
