Bitcoin is dumping toward 10K in large volume sell off! All of a sudden amid no real fundamental news BTC/USD sold off USD 200 to drop below 10K. 1.27 million contracts where traded as the short trade gathered momentum. ETC/USD technical analysis: Price could be gearing up for a move higher There has been some quick buying pressure moving through cryptos at the moment. BTC/LTC and most of the majors moved higher as some volume kicked in. Having a look at ETC/USD on the 1-hour chart 6.50 seems to be a support level where bulls are keeping the price up. We have had two tests recently and both times the upside was capped at 6.75 or thereabouts. Right now the price is consolidating around 6.60 but if the bulls want to take control 6.75 must be taken out. Beyond that, the next intraday resistance stands at 7.23, the previous wave high. LTC/USD technical analysis: Price is halted by a resistance level but is still positive for the session LTC/USD had a move higher but the progress was stopped by an intraday trendline. Now it looks like the price is heading to support level near the 70 mark, with the next one at 70.53. Interestingly the RSI is giving a slightly different signal. It looks like a failure swing or hidden divergence is setting up for a move higher. This is when the price makes a higher low but the indicator breaks lower into an oversold position. 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 ends Tuesday just below 98.42 resistance level FX Street 4 years Bitcoin is dumping toward 10K in large volume sell off! All of a sudden amid no real fundamental news BTC/USD sold off USD 200 to drop below 10K. 1.27 million contracts where traded as the short trade gathered momentum. ETC/USD technical analysis: Price could be gearing up for a move higher There has been some quick buying pressure moving through cryptos at the moment. BTC/LTC and most of the majors moved higher as some volume kicked in. Having a look at ETC/USD on the 1-hour chart 6.50 seems to be a support level where bulls are keeping the price… 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.