Bitcoin is consolidating after hitting 8K earlier in the session. There is a triangle type pattern forming on the hourly chart. BTC/USD Hourly Chart Bitcoin has based out today and there is a chart pattern forming that has broken higher. The triangle was broken earlier in the session and now the top of the pattern is acting as support which is often the case. A confirmation of the move higher will only occur if 8,150 is broken to the upside. This is the consolidation high and new pattern top. The MACD indicator is also showing positive signs as the histogram is above zero. The next thing to look out for is the two MA lines moving over the zero level. 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 Dollar Index Technical Analysis: DXY trading at two-day highs ahead of FOMC minutes FX Street 3 years Bitcoin is consolidating after hitting 8K earlier in the session. There is a triangle type pattern forming on the hourly chart. BTC/USD Hourly Chart Bitcoin has based out today and there is a chart pattern forming that has broken higher. The triangle was broken earlier in the session and now the top of the pattern is acting as support which is often the case. A confirmation of the move higher will only occur if 8,150 is broken to the upside. This is the consolidation high and new pattern top. The MACD indicator is also showing positive signs as the histogram… 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.
