Bitcoin continues to hold above 7K and a chart pattern has emerged. The price is holding at a support zone and 7,400 seems to be the resistance to beat. BTC/USD Chart Below is the hourly BTC/USD chart and it seems price has consolidated around the 7K level. There are also some key levels to keep an eye on that could indicate future direction. On the topside, a break of 7,400 would indicate the bulls might be able to take control. In terms of support, 6,600 is now the key support zone with not too much support under there. The indicators are also looking like they could potentially turn higher and the MACD MA’s are above the zero line which is bullish. Now with the MACD the histogram just has to move higher. Lastly, in blue there is a flag formation which could also indicate the future movement of price, but this depends on which side it breaks. 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 Monero (XMR) trading will be removed by crypto exchange BitBay. FX Street 3 years Bitcoin continues to hold above 7K and a chart pattern has emerged. The price is holding at a support zone and 7,400 seems to be the resistance to beat. BTC/USD Chart Below is the hourly BTC/USD chart and it seems price has consolidated around the 7K level. There are also some key levels to keep an eye on that could indicate future direction. On the topside, a break of 7,400 would indicate the bulls might be able to take control. In terms of support, 6,600 is now the key support zone with not too much support under there. The indicators… 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.
