BTC/USD trades 0.70% higher but it’s looking like bulls are struggling to gather momentum. Price has struggled to push up to the 8,500 mark after rejecting 8,200 in yesterday’s session. The four hour chart below is showing the price in its consolidation zone between 8,826 and 7,701. Today price is right in the middle of the consolidation zone and it holding at the mean value area represented by the volume profile indicator on the right-hand side of the chart. There is also a support zone at 8,220 which is marked by the small blue rectangles on the chart and this level seems like a magnet for price. It is left to the US traders to pick up the momentum and push the price higher but if the price breaks the support xone the next level on the way down is 7,701 consolidation support. On the daily chart where we are now could be the higher low that is needed for price to push higher. We are technically still in a downtrend until 8,826 is broken. 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 AUD/JPY holding above 21 4-hour moving average, although trade-war angst weighs FX Street 4 years BTC/USD trades 0.70% higher but it's looking like bulls are struggling to gather momentum. Price has struggled to push up to the 8,500 mark after rejecting 8,200 in yesterday's session. The four hour chart below is showing the price in its consolidation zone between 8,826 and 7,701. Today price is right in the middle of the consolidation zone and it holding at the mean value area represented by the volume profile indicator on the right-hand side of the chart. There is also a support zone at 8,220 which is marked by the small blue rectangles on the chart and this… 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.
