Price issued a false breakout yesterday and now trades back in the consolidation area. 8,800 was rejected with some force and now BTC/USD trades at 8,329.00. Bitcoin has broken back into the previous consolidation area between 7,701.00 and 8,659.40. The relative strength index (RSI) indicator has also broken its trendline to trade lower. The value area is around 8,200 and this is represented by the peak of the bell curve on the right-hand side. There was a clue to the weakness as the RSI indicator made a lower high as the price made a higher high. This is called a bearish divergence. Sentiment has been low since the Bitwise ETF proposal was rejected by the SEC for a second time. 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 Forex News Today: Daily Trading News share Read Next Situation of the trade talks seems to be better than the media expectations – Global Times FX Street 4 years Price issued a false breakout yesterday and now trades back in the consolidation area. 8,800 was rejected with some force and now BTC/USD trades at 8,329.00. Bitcoin has broken back into the previous consolidation area between 7,701.00 and 8,659.40. The relative strength index (RSI) indicator has also broken its trendline to trade lower. The value area is around 8,200 and this is represented by the peak of the bell curve on the right-hand side. There was a clue to the weakness as the RSI indicator made a lower high as the price made a higher high. This is… 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.
