BTC/USD lost 3.7% on a daily basis amid bearish sentiments. Bears threaten 50.0% Fibo retracement at $7,862. The SEC rejected the application for bitcoin-related exchange-traded-fund submitted by Cameron and Tyler Winklevoss. That was their second attempt to create the first ETF tied to the digital coin; however, the regulator expressed concerns related to liquidity and custody issues. Two more proopsals for Bitcoin ETFs, submitted by VanEck and SolidX are still to be reviewd by the SEC. The news pushed the digital coin No.1 below $8,000 handle, signalling deeper correction after the recent rally. Currently, BTC/USD is changing hands at $7,887, which is 3.7% lower on a daily basis. From the short-term point of view, Bitcoin moved to the oversold territory, but the trend is still remains bearsih Bitcoin’s technical picture On the intraday level, BTC/USD dropped below both 50 and 100 SMAs (1-hour chart) and came close to critical 50.0% Fibo retracement at $7,862. If it is cleared, the downside may be extended towards 200-SMA at $7,720. On the upside, the local resistance is created by $8,000, followed by 100-SM BTC/USD, 1-hour chart 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 State-owned Chinese banks seen selling US dollar against the Yuan – Reuters FX Street 5 years BTC/USD lost 3.7% on a daily basis amid bearish sentiments. Bears threaten 50.0% Fibo retracement at $7,862. The SEC rejected the application for bitcoin-related exchange-traded-fund submitted by Cameron and Tyler Winklevoss. That was their second attempt to create the first ETF tied to the digital coin; however, the regulator expressed concerns related to liquidity and custody issues. Two more proopsals for Bitcoin ETFs, submitted by VanEck and SolidX are still to be reviewd by the SEC. The news pushed the digital coin No.1 below $8,000 handle, signalling deeper correction after the recent rally. Currently, BTC/USD is changing hands at $7,887,… 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.
